As a General Rule, Free Trade

question 149

Multiple Choice

As a general rule, free trade:

• A)acts to equalize the supply of and demand for factors of production across countries.
• B)causes factor prices to converge across countries.
• C)increases the supply of factors of production that are domestically scarce.
• D)All of these are true.

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Definitions:

Ladder Logic

A graphical programming language used in programmable logic controllers (PLCs) that emulates electrical relay logic circuits.

Pilot Lights

Pilot lights are small indicator lights used on control panels or machinery to show the operational status or signal specific conditions like power on or fault conditions.

PLCs

Programmable Logic Controllers, industrial digital computers used for the automation of electromechanical processes, such as control of machinery on factory assembly lines.