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Author Question: According to the factor price equalization theorem, if country A is labor abundant, then if country ... (Read 73 times)

jake

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  • Posts: 538
on: Jun 30, 2018
According to the factor price equalization theorem, if country A is labor abundant, then if country A initiates international trade
 
  A) wages and rents should fall in A.
  B) rents and rents should rise in A.
  C) wages should rise and rents should fall in A.
  D) wages should fall and rents should rise in A.

Question 2

With the full implementation of the Single European Act, the EU became a
 
  A) common market.
  B) free trade area.
  C) customs union.
  D) economic union.
  E) None of the above.


blfontai

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


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