It Has Been Argued That the Effect of Trade in Goods

question 12

Essay

It has been argued that the effect of trade in goods and services has the same effect on factor income distribution in a country as would be the case if factors were completely mobile internationally. What is the reasoning behind this argument?

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Definitions:

Descriptive Study

A type of research that aims to accurately describe characteristics or phenomena, without attempting to determine cause and effect.

Naturalistic Observation

A research method in which the subject(s) is(are) observed in their natural environment without any manipulation by the researcher.

Older Brother

A male sibling who is born before another sibling.

Event Recording

A method of collecting data by noting each time a specific behavior or event occurs within a set period.