Multiple Choice
According to the factor price equalization theorem,if country B is labor abundant,then if country B initiates trade with country A
A) wages and rents should fall in A.
B) rents and rents should rise in A.
C) wages should rise and rents should fall in A.
D) wages should fall and rents should rise in A.
Correct Answer:
Verified
Correct Answer:
Verified
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