Economists frequently point out that factor movements between two countries can be a substitute for goods movements between the countries in terms of the impact on relative factor prices in the countries. Explain why the two types of movements can be substitutes.
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Q4: According to the Department of Commerce information
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Q6: According to the Department of Commerce information
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Q8: Many industrialized countries such as the United
Q10: In the diagram in Question #9 above,
Q11: In the diagram in Question #9 above,
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Q13: According to the Department of Commerce information
Q14: If labor moves from a labor-abundant country
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