The _____ States That When Factors Are Allowed to Move

question 32

Multiple Choice

The _____ states that when factors are allowed to move freely among trading nations,efficiency increases,which leads to price of factors becoming equal among countries.

• A) factor-price equalization theory
• B) diamond theory
• C) trade policy theory
• D) managed trade theory
• E) trade deficit theory

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Definitions:

Social Constructionism

A theory that suggests knowledge, meaning, and reality are constructed through social interactions and cultural norms.

Theoretical Position

An individual's or group's stance or perspective based on a set of theories in a particular field of study.

Negative Sanctions

Punishments or penalties imposed on individuals or groups to discourage noncompliance with norms, laws, or regulations.

Biological Sex

The classification of human beings, typically as male or female, based on physiological and genetic characteristics.