According to the Factor Price Equalization Theorem,if Country a Is

question 27

Multiple Choice

According to the factor price equalization theorem,if country A is labor abundant,then if country A initiates international trade

• A)wages and rents should fall in A.
• B)rents and rents should rise in A.
• C)wages should rise and rents should fall in A.
• D)wages should fall and rents should rise in A.

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Definitions:

Surgical Equipment

Tools and devices used by surgeons to perform operations, including scalpels, forceps, and sutures, essential for modern medical procedures.

Disease and Accidents

Concerns the occurrences of illnesses and unintentional injuries within a population, affecting public health and safety.

Northern Democrats

A faction of the Democratic Party in the 19th century United States, especially before the Civil War, that was based in the northern states and opposed to the extension of slavery into new territories.

Republican Government

A governmental structure where authority is vested in officials elected by the citizens, and these officials govern based on legal statutes.