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The Stolper-Samuelson Theorem: If there are CRTS and if both goods continue to be produced, a relative increase in the price of a commodity will increase the real return to the factor used intensively in that industry and reduce the real return to the other factor. A labor abundant country enters free trade then this will increase the relative price of labor intensive goods, make the workers better off and capitalists worse off. – Workers will support free trade while capitalists will oppose it. – Not only workers in labor intensive sectors will be better off, but also workers in capital intensive sectors
Select the Venn diagram that best illustrates the relationship between the following classes.
Electrical Appliance, Refrigerator, Freezer
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Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performe...
‘Track’ is related to ‘Athlete’ in the same way as ‘Classroom’ is related to ‘______’.
A person starts from point Z and moves 7 km towards the South. He turns right and moves 5 km, turns right, and moves 3 km, then turns right and moves 1 ...
Which of the following numbers will replace the question mark (?) in the given series?
108, 99, 88, ?, 60, 43
Study the given pattern carefully and select the letter from among the given options that can replace the question mark (?)
Who sits at the extreme right end of the row?
Two statements A and B are given. There may be a cause-and effect relationship between the two statements. These two statements may be the effect of the...
Select the option that is related to the third term in the same way as the second term is related to the first term.
Srilanka : Island :: India : ?