Assume That Labor Is Relatively Scarce in the United States

question 106

True/False

Assume that labor is relatively scarce in the United States.According to the factor price equalization theory,America labor may opt for trade barriers once trade opens up.

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Definitions:

Rewards Motivate

The principle that incentives or positive outcomes encourage individuals to perform certain behaviors.

Situational Constraints

External conditions or circumstances that limit or restrict someone's actions or behaviors in a given situation.

Goal Attainment

The achievement of set targets or objectives through planned actions and efforts.

Resources Necessary

Essential materials, finances, human capital, and other assets required to accomplish tasks, projects, or goals within an organization.