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Assume That the United States Is Scarce in Labor and Abundant

question 11

Multiple Choice

Assume that the United States is scarce in labor and abundant in capital.According to the factor price equalization theory,free trade policies would tend to be be opposed by ______ in the United States.


Definitions:

Technology Control

The management and regulation of the development, application, and dissemination of technology.

Formal Authority

The power given to an individual or entity based on their position within an organization, enabling them to enforce rules and make decisions.

Bureaucracy

A systematic administrative system governing any large organization, characterized by fixed rules, hierarchy, and detailed procedures.

Boundaryless Organization

A type of organization that seeks to eliminate the traditional barriers between departments as well as barriers between the organization and the external environment.

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