If the case study on U.S. / China trade is correct in its analysis of factor abundance,
A) Chinese capital owners should see their income rise as trade increases.
B) U.S. skilled labor inputs should see their incomes fall as trade increases.
C) U.S. capital owners should see their income fall as trade increases.
D) Chinese unskilled labor should see their income rise as trade increases.
D
Economics
You might also like to view...
The primary purpose of bank regulation is to
a. assure that banks do not get into financial trouble. b. assure that banks lend to needy persons and businesses. c. assure that banks maintain a minimum level of profits. d. guarantee bank profitability and prevent stockholder losses.
Economics
In a closed economy, Y - C - G equals _____. The variable Y is _____, C is _____, and G is _____
Fill in the blank(s) with correct word
Economics