In the Long Run (The Heckscher-Ohlin Model), Immigration Will Lead

question 85

Multiple Choice

In the long run (the Heckscher-Ohlin model) , immigration will lead to:

• A) a rightward shift in the receiving country's production possibilities frontier.
• B) a leftward shift in the receiving country's production possibilities frontier.
• C) no change in the receiving country's production possibilities frontier.
• D) a rightward shift in the sending country's production possibilities frontier.

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Definitions:

Industrial-Organizational Psychologist

A professional who applies psychological principles to the workplace to solve problems and improve the quality of work life, including areas of hiring, employee motivation, and organizational development.

Random Sequence

A series of numbers or letters in which each element has an equal probability of occurring and the occurrence of one element does not affect the probability of the others.

Coin Tosses

A simple randomness process used for deciding between two equally likely outcomes by flipping a coin.

Hindsight Bias

The inclination to think, upon discovering a result, that it was predictable in hindsight, referred to as the "knew-it-all-along" effect.