Examlex
In contrasting induced strategic behavior with autonomous strategic behavior, which of the following statements is incorrect?
Pauper Labor Fallacy
The incorrect belief that importing goods from countries with lower wage levels hurts the economy of a country with higher wage levels.
Sweatshop Labor Fallacy
The misconception that sweatshop labor is entirely harmful and provides no benefit to workers in developing countries.
Heckscher-Ohlin Theory
An economic theory that suggests countries export what they can most efficiently and abundantly produce.
Absolute Advantage
The ability of a country, company, or individual to produce a good or provide a service more efficiently than competitors.
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