A Country's Effective Factor Endowment Is Defined as Its

question 36

Multiple Choice

A country's effective factor endowment is defined as its:

• A) actual factor endowment times factor productivity.
• B) actual factor endowment times GDP.
• C) factor productivity.
• D) actual factor endowment divided by its factor productivity.

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Definitions:

Reverse Discrimination

The practice of publicly being prejudiced in favour of a minority group in order to deflect accusations of prejudice and discrimination against that group.

Prejudiced Minority Groups

Groups that face discrimination and negative stereotypes based on characteristics such as race, ethnicity, or sexual orientation.

Social Standing

The position or rank of a person or group within the hierarchy of society based on prestige, honor, respect, and wealth.

Scapegoating

The practice of blaming an individual or group for wrongs that they may not have committed, often to deflect responsibility.