Multiple Choice
Suppose that FDI has "spillover" benefits for the recipient nation (such as spurring technological innovation, more FDI, or growth in labor productivity) . These spillover effects might help explain why:
A) in Singapore, wages fell in the short run.
B) in Singapore, wages fell and returns to capital rose in the long run.
C) in Singapore, wages rose and, depending on the calculation used, returns to capital were close to original levels in the long run, which contradicted the Heckscher-Ohlin model.
D) in Singapore, absolutely nothing changed in either the short or the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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