The Factor-Endowment Theory Asserts That Specialization and Trade Tends to Encourage

question 119

True/False

The factor-endowment theory asserts that specialization and trade tends to encourage an equalization in the relative resource prices of trading partners.

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Definitions:

Collaboration

Working together with one or more people to achieve a common goal, often involving shared decision-making and efforts.

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution of a problem.

Spontaneous

Occurring naturally, without being planned or premeditated.

Impractical

Impractical describes something that is not feasible or realistic in terms of implementation or use, often due to it being too complex or costly.