The _____ States That When Factors Are Allowed to Move

question 32

Multiple Choice

The _____ states that when factors are allowed to move freely among trading nations,efficiency increases,which leads to price of factors becoming equal among countries.

• A) factor-price equalization theory
• B) diamond theory
• C) trade policy theory
• D) managed trade theory
• E) trade deficit theory

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Definitions:

Simple Effect

Analysis within ANOVA that looks at the effect of one factor at a specific level of another factor, useful in interactions.

Interaction Effect

A phenomenon in which the effect of one independent variable on a dependent variable changes depending on the level of another independent variable.

Main Effect

In an experimental setup, the direct impact that an independent variable exerts on a dependent variable.

Factorial Research

A methodological approach in experiments that involves studying the effects of two or more factors.