If the Factor Price Equalization Theorem Is True Then,eventually,U

question 22

True/False

If the factor price equalization theorem is true then,eventually,U.S.wages will fall to the level found today in the least developed countries of the world.

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Definitions:

Lewin's Basic Change Model

A model of change management proposing three steps: unfreezing, changing, and refreezing, to facilitate and solidify change within an organization.

Status Quo

The existing state or condition of affairs, often used in the context of maintaining current systems or resisting change.

Refreezing

The final stage in Lewin's change model where new behaviors are solidified into the culture after a change has been implemented.

Lewin's Basic Change Model

A three-step theory of change that includes unfreezing, changing, and refreezing to facilitate and manage the process of change within organizations.