According to the Specific Factors Trade Theory

question 64

Multiple Choice

According to the specific factors trade theory:

• A) Owners of factors specific to export industries suffer from trade,while owners of factors specific to import-competing industries gain
• B) Owners of factors specific to export industries gain from trade,while owners of factors specific to import-competing industries suffer
• C) Both owners of factors specific to export industries and owners of factors specific to import-competing industries gain from trade
• D) Both owners of factors specific to export industries and owners of factors specific to import-competing industries suffer from trade

Understand the principles of supply and demand in different scenarios.

Calculate profit maximization strategies for various business operations.

Analyze the impact of production costs on business decisions.

Understand consumer behavior and budget constraints in decision-making.

---

Definitions:

Relay Information

The process of transferring data, messages, or signals from one person, device, or group to another.

Coordinate Muscle

Involves the smooth operation and control of muscle movements to perform tasks accurately and efficiently.

Visual And Auditory

Pertaining to both sight and hearing senses, often in the context of learning and perception.

Regulate Hormones

The biological process of maintaining an optimum level of hormones in the body for normal functioning and homeostasis.