When a Country's Labor Market Is in Equilibrium in the Specific

question 24

Multiple Choice

When a country's labor market is in equilibrium in the specific factors model,the wage rate

• A) will be the same in both sectors.
• B) will be higher in the export-competing sector.
• C) will be higher in the import-competing sector.
• D) will be higher in the sector where product price is higher.
• E) will be higher in the sector where product price is lower.

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