Factor Price Equalization Theory,states That When Factors Are Allowed to Move

question 45

True/False

Factor price equalization theory,states that when factors are allowed to move freely among trading nations,efficiency increases,which leads to superior allocation of production of goods and services among countries.

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Definitions:

Bobo Doll

The Bobo Doll experiment is a social psychology study conducted by Albert Bandura that illustrated how children learn aggressive behaviors through imitation of adult models.

Control Group

In experiments, a group of subjects who do not receive the experimental treatment and are used as a benchmark to measure how the other tested subjects do.

Aggressive Tendencies

Patterns of behavior aimed at causing harm or injury to others, fear of harm in others, or assertion toward dominance in a social context.

Modeling

A method used in psychology to learn through the observation and replication of others' behaviors.