In the Real World,why Doesn't Factor-Price Completely Equalize

question 1

Multiple Choice

In the real world,why doesn't factor-price completely equalize

• A)because in real world,there are no trade restrictions
• B)technology takes time to defuse and factor productivity remains different across countries.
• C)although labor is completely mobile it assumes the value in the country to which it moved and thus has no effect on the overall factor price of that country.
• D)due to differences in exchange rates

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Definitions:

Express Warranty

A clearly stated guarantee provided by a seller regarding the condition or quality of a product.

Implied Warranty

An unwritten, unstated guarantee that a product will meet basic standards of quality and reliability.

Express Warranty

A seller's explicit promise or guarantee, assuring the quality or performance of a product, often included in the written contract.

UCC

The Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law among the states.