International factor flows tend to lower incomes of those factors in host countries that most directly substitute for that factor, and to raise the incomes of other factors
Indicate whether the statement is true or false
TRUE
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If the growth rate of resources is 2 percent and per capita real output is growing at 4 percent, then total factor productivity has fallen by 4 percent
a. True b. False Indicate whether the statement is true or false
In 2008-2009, Iceland and several Baltic states increased their interest rates. One would expect which of the following?
a. U.S. bond prices will fall and the dollar will appreciate. b. U.S. bond prices will rise and the dollar will appreciate. c. U.S. bond prices will fall and the dollar will depreciate. d. U.S. bond prices will rise and the dollar will depreciate.
Measured as a share of GDP, what happened to the net federal debt between 1990 and 2011?
What will be an ideal response?
The harmful effect of a price ceiling to ________ is ________.
A. producers; the selling price of the product is above the equilibrium price B. consumers; the ceiling creates a shortage of the product C. producers; the ceiling creates a surplus of the product D. consumers; the selling price of the product is above the equilibrium price