Multiple Choice
As a general rule, when there are specific factors, owners of factors specific to the importing industry are ______________, whereas the mobile factor owners (such as labor) in that industry are ______________.
A) harmed; benefited
B) benefited; harmed
C) harmed; either benefited or harmed, depending on consumption patterns
D) not affected; harmed
Correct Answer:
Verified
Correct Answer:
Verified
Q20: If we assume only one factor (labor),
Q21: Which specific factor loses from trade?<br>A) one
Q22: The specific-factors model concludes that if there
Q23: In the two-sector (manufacturing and agriculture) specific-factors
Q24: Suppose that the home country in the
Q26: Why must we know the composition of
Q27: In equilibrium, with diminishing marginal products, the
Q28: Some economists believe that an extended safety
Q29: If a nation begins to trade, it
Q30: A "specific" factor of production is:<br>A) critical