Assume that Country A, in the absence of trade, finds itself relatively abundant in labor and relatively scarce in land. The factor endowment theory reasons that with free trade, the internal distribution of national income in Country A will change in favor of

a. labor.
b. land.
c. both labor and land.
d. neither labor nor land.


a. labor.

Business

You might also like to view...

According to the Uniform Commercial Code (UCC), if goods are specially manufactured for the buyer and not suitable for sale to others in the normal course of the seller's business, and the seller has made a substantial beginning in manufacturing them or has entered into a binding agreement to acquire them for the buyer before learning that the buyer is denying the existence of a contract, the contract between the parties must be in writing in order to be enforceable.

Answer the following statement true (T) or false (F)

Business

I can weigh the options, both good and bad, and work on developing the capacity to do what is right. What influencing factor of authentic leadership am I using?

A. moral reasoning B. integrity C. optimism D. confidence

Business

Whitelight sells its toothpastes in many convenience stores across the country. This is an example of ________ distribution

A) exclusive B) selective C) hybrid D) intensive E) normal

Business

Segments need to be, among other traits,

A. affluent, accessible, and actionable. B. definable, large, and accessible. C. definable, affluent, and actionable. D. large, unambiguous, and affluent.

Business