According to the Specific Factors Trade Theory

question 64

Multiple Choice

According to the specific factors trade theory:

• A) Owners of factors specific to export industries suffer from trade,while owners of factors specific to import-competing industries gain
• B) Owners of factors specific to export industries gain from trade,while owners of factors specific to import-competing industries suffer
• C) Both owners of factors specific to export industries and owners of factors specific to import-competing industries gain from trade
• D) Both owners of factors specific to export industries and owners of factors specific to import-competing industries suffer from trade

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Definitions:

Heterogeneity

The quality or state of being diverse in character or content; variety within a group or structure.

Status Construction

The process through which social hierarchies and positions are created and maintained within societies.

Imposter Phenomenon

A psychological pattern in which an individual doubts their accomplishments and has a persistent internalized fear of being exposed as a "fraud."

Equity

When people receive rewards in proportion to the contributions they make toward the attainment of group goals.