The factor-price equalization theory is a short-run version of the specific-factors theory.
Correct Answer:
Verified
Q84: Owners of resources specific to export industries
Q85: Fears about the downward pressure that low-skilled
Q86: The factor-endowment theory asserts that specialization and
Q87: The Leontief Paradox was the first major
Q88: According to the factor-priceequalization theory, international trade
Q90: With economies of scale, specialization in a
Q91: Decreasing cost conditions lead to complete specialization
Q92: By widening the size of the domestic
Q93: The Leontief Paradox suggested that, in contrast
Q94: According to the factor-endowment theory, international specialization
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