Suppose That All Countries Eliminate Their Barriers to Trade

question 24

Multiple Choice

Suppose that all countries eliminate their barriers to trade.
The Heckscher­Ohlin model predicts that:

• A)wages should become more equal throughout the world.
• B)wages should become more unequal throughout the world.
• C)the volume of international trade should fall.
• D)there should be increased migration of labor among countries.

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Definitions:

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The act of connecting and building relationships with professionals or peers for career development or business opportunities.

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Digital platforms that allow users to create and share content or participate in social networking.

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To respond to a gesture or action by making a corresponding one, often related to mutual exchange or cooperation.