The Factor-Endowment Theory Asserts That with Specialization and Trade There

question 98

True/False

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

---

Definitions:

FR-5 Schedule

A fixed-ratio schedule of reinforcement where a response is rewarded only after five instances of the behavior.

FR-15 Schedule

A fixed-ratio schedule of reinforcement where a response is reinforced only after it has been produced 15 times.

Fixed-Ratio

A reinforcement schedule where a response is reinforced only after a specified number of responses.

Variable-Ratio

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, leading to high and steady response rates.