Multiple Choice
As a general rule, when there are specific factors, owners of factors specific to the importing industry are ______________, whereas owners of factors specific to export industries are ______________.
A) harmed; benefited
B) benefited; harmed
C) unemployed; hired
D) not affected; harmed
Correct Answer:
Verified
Correct Answer:
Verified
Q34: (Table: Sales and Payments) Suppose that the
Q35: In the two-sector (manufacturing and agriculture) specific-factors
Q36: If we consider the two-sector (manufacturing and
Q37: If trade causes shifts in production so
Q38: Suppose that the home country in the
Q40: Suppose that the wage is $20 per
Q41: (Table: Production and Prices in Two Industries)
Q42: As a general rule, the return to
Q43: In the two-sector (manufacturing and agriculture) specific-factors
Q44: (Table: Home and Foreign Prices for Manufacturing