If Skilled Labor Is Physically More Abundant Relative to Unskilled

question 18

Multiple Choice

If skilled labor is physically more abundant relative to unskilled labor in country I than in Country II, but yet skilled labor is relatively higher-priced in comparison to unskilled Labor in country I than in country II, this phenomenon could be accounted for by

• A) factor-intensity reversal.
• B) the "specific factors" model.
• C) demand reversal.
• D) factor-price equalization between the two countries.

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Definitions:

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An American film production and distribution company, known as one of the "Big Five" studios in Hollywood and for its extensive library of films and franchises.

Music Corporation of America

Originally a talent agency, it evolved into a powerful American media and entertainment company involved in television production, music publishing, and representation of artists.

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A large outdoor area with rides, games, and entertainment attractions designed for the amusement of visitors of all ages.

ABC Television

A major American television network that offers a wide range of programming, including news, entertainment, and sports.