According to the Factor-Endowment Theory

question 66

Multiple Choice

According to the factor-endowment theory,

• A) the abundant factor gains from trade.
• B) the scarce factor gains from trade.
• C) those disadvantaged by trade outnumber those advantaged by trade.
• D) everyone necessarily benefits from trade.

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Definitions:

Firewall

A security appliance within a network that examines and manages both incoming and outgoing data traffic, guided by the security rules already set by an organization.

Firmware

Pre-installed, low-level software in electronic devices that controls the device's specific hardware functions.

Window

A graphical interface element that displays the contents of an application or dialog in a separate frame on the screen.

Access Point

A device that allows wireless devices to connect to a wired network using Wi-Fi or related standards.