Which of the Following BEST Describes the Short­run

question 95

Multiple Choice

Which of the following BEST describes the short­run
Effects of FDI inflows to Singapore during the latter
Part of the twentieth century?

• A)The effects contradicted the specific­factors model because wages fell, while the rental on capital rose.
• B)The effects confirmed the specific­factors model because wages rose, while the rental on capital fell.
• C)FDI did not have any measurable effects on either wages or the rental on capital in Singapore.
• D)FDI confounded economists because both the rental on capital rose and wages rose in Singapore.

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Definitions:

Reinforcement

A process in learning theory where behaviors are encouraged or discouraged through rewards or punishments.

Academic Pursuit

The active engagement in educational activities with the aim of gaining knowledge, skills, and qualifications.

Behaviorism

A theory of learning based on the idea that all behaviors are acquired through conditioning by interacting with the environment.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the subject to associate certain actions with specific consequences.