When we use the specificfactors model to study immigration, we assume that:
a. land is immobile internationally but capital and labor are internationally mobile.
b. land and capital are immobile internationally but labor is internationally mobile.
c. land, labor, and capital are internationally mobile.
d. land, labor, and capital are internationally immobile.
Ans: a. land is immobile internationally but capital and labor are internationally mobile.
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Refer to the scenario above. If Frank discounts delayed utilities with a weight of 8/10, then which of the following statements is true?
A) He will consume both hotdogs and ice cream. B) He will consume hotdogs but will avoid consuming ice cream. C) He will consume ice cream but will avoid consuming hotdogs. D) He will avoid consuming both hotdogs and ice cream.
Accumulating a greater number of inputs will ensure that an economy will experience economic growth
Indicate whether the statement is true or false