The Factor Endowment Theory Assumes

question 39

Multiple Choice

The factor endowment theory assumes

• A) Same tastes and preferences
• B) Factor inputs of uniform quality
• C) Same technology
• D) All of the above

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Definitions:

Interpersonal Communications

The process by which people exchange information, feelings, and meaning through verbal and non-verbal messages: it is face-to-face communication.

Perception

Perception is the process through which people receive, organise and interpret information from the environment.

Ethnic Stereotyping

The oversimplified and generalized beliefs about a particular ethnic group, often leading to prejudice and discrimination.