If there is diminishing marginal productivity of labor in production (with other inputs held constant) , an outmigration of labor from low-wage country A to higher-wage country B will lead, other things equal and if trade is taking place in accordance with the Heckscher-Ohlin analysis, to __________ production effect in the capital-abundant country.
A) an ultra-antitrade
B) an antitrade
C) a neutral
D) an ultra-protrade
Correct Answer:
Verified
Q20: Explain the underlying basis for foreign direct
Q21: Consider the labor situation in countries I
Q22: In the graph in Question #23 above,
Q23: In the graph in Question #23 above,
Q24: If there is diminishing marginal productivity of
Q25: Labor immigration
A) always produces a net social
Q26: Suppose that, other things equal, labor moves
Q27: In the graph in Question #23 above,
Q28: Consider a situation where a foreign investor
Q29: In a perfectly-competitive world, restrictions placed by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents