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Trade Will Tend to Equalize Factor Prices

question 197

True/False

Trade will tend to equalize factor prices.


Definitions:

Worldview

A comprehensive perspective from which one sees and interprets the world and interacts with it.

Assumptions

Statements or ideas accepted as true without proof, serving as the basis for further reasoning or argument.

Placebo

A substance used in experiments that has no therapeutic effect.

Therapeutic Effect

The beneficial outcome of a treatment or intervention on the health or well-being of an individual or population.

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