The HeckscherOhlin model assumes that factors of production can move freely _______, but cannot move _______.
a. domestically; internationally
b. after they are fully trained; before the training period is over
c. internationally; domestically
d. within unskilled occupations; into highskill jobs
Ans: a. domestically; internationally
Economics
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In the above figure, what is the amount of producer surplus at the efficient quantity?
A) $0 B) $1,000 C) $2,000 D) $4,000
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If people who report being unemployed are not, in fact, trying hard to find a job, then the reported unemployment rate will be biased upward
a. True b. False Indicate whether the statement is true or false
Economics