According to the shortrun (specificfactors) model, how will FDI affect wages in the recipient nation?
a. They will rise.
b. They will fall.
c. They will not affect wages.
d. They will fall in comparison to wages in the sending country.
Ans: a. They will rise.
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Which statement is true?
A. Most U.S. workers are members of labor unions. B. Union membership has been hurt in recent decades by the decline in manufacturing. C. The union movement is most powerful in the South. D. None of these statements are true.
If the Fed responds to an initial increase in aggregate demand by increasing the quantity of money,
What will be an ideal response?
Compared with average cost at the quantity that an unregulated monopolist would choose, average costs are higher at the quantity chosen by a monopoly facing an average-cost pricing policy.
Answer the following statement true (T) or false (F)
The existence of inflation does which of the following?
A) reduces tax distortions B) allows governments to benefit from seignorage C) reduces shoe-leather costs D) reduces the costs associated with money illusion