Which of the following statements is true?
A) International trade is a substitute for the movement of the factors of production.
B) The international movement of the factors of production tends to make the prices paid to factors of production among countries more similar over time.
C) The U.S. would be worse off if factors of production could not move freely among the 50 states.
D) The world would be worse off if factors of production could not move freely.
E) all of the above
Correct Answer:
Verified
Q2: Why is international trade viewed as a
Q3: When the factors of production are immobile
Q4: International trade is a substitute:
A) for many
Q5: Worldwide, foreign direct investment:
A) inflows and outflows
Q6: Foreign direct investment is:
A) the purchase of
Q7: Setting up plants/factories in foreign countries is
Q8: Which of the following would be an
Q9: What percentage of foreign direct investment originates
Q10: Multinational corporations pursue direct foreign investment because:
A)
Q11: Which of the following is not a
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