Which of the Following Statements About the Specific-Factors Model Is

question 102

Multiple Choice

Which of the following statements about the specific-factors model is true?

• A) When exports of a product rise, the increase in export revenue is divided equally among mobile and specific factors of production.
• B) When imports rise, revenues of firms that compete with imports fall. The decrease in revenue is divided equally among the mobile and specific factors of production.
• C) When exports of a product rise, factors specific to exports gain less than mobile factors; when imports rise, factors specific to import competing industries gain more than mobile factors.
• D) When exports of a product rise, factors specific to exports gain more than mobile factors; when imports rise, factors specific to import competing industries lose more than mobile factors.

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Definitions:

Critical Thinking

The ability to think clearly and rationally, understanding the logical connection between ideas, and critically evaluating arguments and evidence.

Organizational Problems

Issues or challenges within a company or institution that hinder its operations or achievements of objectives.

Leader Attributes

The qualities, traits, and characteristics that are often associated with effective leadership.

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