Multiple Choice
In the long run, when factors are mobile, an increase in the relative price of a good will increase the real earnings of the factor used intensively in the production of that good. This is known as:
A) the Heckscher-Ohlin model.
B) the Stolper-Samuelson theorem.
C) the Ricardian model.
D) the specific-factor theorem.
Correct Answer:
Verified
Correct Answer:
Verified
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