In the Long Run, Which of the Following Explains Why

question 111

Multiple Choice

In the long run, which of the following explains why
Are there no changes to returns to capital and wages
When FDI or labor immigration occurs?

• A)World prices of output are unchanged.
• B)Marginal productivities are unchanged.
• C)There is no change in the capital­labor ration in either industry.
• D)World prices of output and marginal productivities are unchanged.

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Definitions:

Series RL Circuit

An electrical circuit comprising resistors (R) and inductors (L) arranged in a sequential manner, where the current through each component is the same.

Inductive Reactance

The opposition to the change of current flow through an inductor in an AC circuit, measured in ohms.

Series RL Circuit

An electrical circuit consisting of a resistor (R) and an inductor (L) connected in series, used to study the behavior of circuits with resistive and inductive components.

Inductive Reactance

The opposition to the change in current in an inductor, depending on the frequency of the current and the inductance.