The theory that explains the shift in the production of color TV sets from the United States to Japan and Taiwan is called the _____ theory
a. productivity difference
b. factor abundance
c. product life cycle
d. preference
e. human skills
c
Economics
You might also like to view...
Cost-push inflation can be started by
A) a decrease in the money wage rate. B) an increase in the money prices of raw materials. C) an increase in the quantity of money. D) an increase in government expenditure on goods and services. E) a decrease in government expenditure on goods and services.
Economics
Fiscal policy is concerned with:
a. encouraging businesses to invest. b. regulation of net exports. c. changes in government spending and/or tax revenues. d. expanding and contracting the money supply.
Economics