According to the factor price equalization theorem, free international trade will result in wages equating rents worldwide
Indicate whether the statement is true or false
FALSE
You might also like to view...
If a demand curve shifts to the left, then
A) quantity demanded has increased. B) demand has increased. C) quantity demanded has decreased. D) demand has decreased.
A key determinant of the price elasticity of supply is
a. the ability of sellers to change the price of the good they produce. b. the ability of sellers to change the amount of the good they produce. c. how responsive buyers are to changes in sellers' prices. d. the slope of the demand curve.
An increase in the U.S. interest rate relative to other countries will lead to ________ in the supply of dollars and a ________ in the exchange rate
A) an increase; fall B) a decrease; fall C) an increase; rise D) a decrease; rise E) no change; rise
Consider the nations of Brazil, Mexico, and Pakistan. Over the past century, which of these three nations has experienced, by far, slower economic growth than the other two nations?