If the factor price equalization theorem is true then, eventually, U.S. wages will fall to the level found today in the least developed countries of the world
Indicate whether the statement is true or false
FALSE
Explanation: Technology differences exist, negating HO predictions.
Economics
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How is a firm's labor demand curve affected when the price of its product rises?
What will be an ideal response?
Economics
Refer to Scenario 10.4. Given the information above, what are the profit maximizing number of tickets sold and the price of tickets?
A) 0, $60 B) 20,000, $50 C) 40,000, $40 D) 60,000, $30 E) 80,000, $20
Economics