In the Long Run, When Factors Are Mobile, an Increase

question 64

Multiple Choice

In the long run, when factors are mobile, an increase in
The relative price of a good will increase the real earnings
Of the factor used intensively in the production of that
Good.This is known as:

• A)the Heckscher­Ohlin model.
• B)the Stolper­Samuelson theorem.
• C)the Riparian model.
• D)the specific­factor theorem.

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Definitions:

Shortage of Services

A situation where the demand for healthcare or social services exceeds the available supply.

Unsupervised

The process or condition of performing or being without direct oversight or control.

Schizophrenia

A chronic and severe mental disorder affecting how a person thinks, feels, and behaves, characterized by delusions, hallucinations, and other cognitive difficulties, leading to impaired functioning.

On Their Own

Refers to the act of being independent or self-sufficient, without needing help from others.