The International Movement of Factors of Production

question 43

Multiple Choice

The international movement of factors of production:

• A)is prohibited by the Geneva Convention.
• B)is completely free of restrictions everywhere in the world.
• C)tends to make the prices paid to factors of production among countries move further apart over
• Time.
• D)tends to make the prices paid to the factors of production among countries more similar over time.

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Definitions:

Purchasing Decisions

The process by which individuals decide what, when, and how to buy goods or services.

Nisbett And Wilson

Psychologists known for their work on human inference and reasoning, particularly on how people understand their own mental processes.

Self-knowledge

An individual’s awareness and understanding of their own character, feelings, motives, and desires.

Introspection

The examination or observation of one's own mental and emotional processes.