The Factor-Price Equalization Theorem Implies That Laborers Will End Up

question 9

True/False

The factor-price equalization theorem implies that laborers will end up earning the same wage rate in all countries only if the laborers are allowed to migrate between countries.

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Definitions:

Affirmative-Action Plan

A strategy aimed at increasing opportunities for historically excluded groups in employment, education, and business.

Valuing Diversity

Recognizing and respecting differences in backgrounds, perspectives, and ideas among individuals or groups.

Affirmative Action

Policies and practices within a workplace or educational body to promote equal opportunities for all people, traditionally those who have been discriminated against.

Equal Employment Opportunity

A principle mandating that all individuals have the same chance for employment, regardless of race, color, religion, gender, age, national origin, or disability.