Based on Table 4.1, according to the Stolper-Samuelson Theorem, the income distribution effects of free trade in the United States are likely to favor
A) capital.
B) labor.
C) either capital or labor, depending on U.S. productivity.
D) neither capital nor labor.
E) Not enough information to tell.
B
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A worker is considered part time if the worker
A) is a full-time student without a job. B) is not employed but is actively looking for work. C) is not employed and is not actively looking for work. D) usually works less than 40 hours per week. E) usually works less than 35 hours per week.
In which of the following situations is the principal-agent problem least likely to occur?
a. a hospital stay b. a doctor's visit c. a bartender serves you at the bar d. your TV is repaired e. a stockbroker calls with financial advice
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and GDP Price Index in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period and GDP Price Index remain the same. b. The quantity of real loanable funds per time period rises, and GDP Price Index falls. c. The quantity of real loanable funds per time period rises, and GDP Price Index rises. d. The quantity of real loanable funds per time period falls, and GDP Price Index falls. e. There is not enough information to determine what happens to these two macroeconomic variables.
High income economies, with only about one-sixth of the world's population, produced more than one-third the world's output
Indicate whether the statement is true or false