According to the Specific-Factors Theory, Resources That Are Specific to Import-Competing

question 43

True/False

According to the specific-factors theory, resources that are specific to import-competing industries tend to lose as a result of trade, while resources specific to export industries tend to gain as a result of trade.

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity, uncertainty, and unstructured situations.

Role Perceptions

An individual’s view and understanding of the responsibilities, behaviors, and actions required by their role within an organizational context.

Individual Rights Principle

An ethical guideline that stresses the importance of respecting and protecting the rights of individuals in decision-making processes.

Persistence

The quality of continuing firmly or obstinately in a course of action in spite of difficulty or opposition.