As a General Rule, When There Are Specific Factors

question 22

Multiple Choice

As a general rule, when there are specific factors,
Owners of factors specific to the importing industry are
______________, whereas the mobile factor owners
(such as labor) in that industry are ______________.

• A)harmed; benefited
• B)benefited; harmed
• C)harmed; either benefited or harmed, depending on consumption patterns
• D)not affected; harmed

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Definitions:

Organizational Expenses

Costs incurred during the formation of a corporation or organization, such as legal fees and registration charges.

Corporate Form

A legal structure for a business recognized as a separate legal entity from its owners, offering liability protection but with specific tax obligations.

Major Policy Decisions

Key strategic decisions made by a company's management or board of directors that affect the overall direction and policies of the organization.

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions affecting the company's policy and strategy.