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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
The electoral college for vice president consists of the members of-
What is the chemical formula of baking soda?
"The compassion to share with and patronize lives is a primary virtue praised by many scriptures".
According to Thiruvalluvar, which of the fo...
Duckweeds, Water hyacinths and Water ferns belong to which category of plants?
Which state of India has the maximum length of state Highways as of March 2016?
The Gurjara-Pratihara dynasty was founded by _____in the region in Malwa in the eighth century.
Which of the following is not correctly matched?
The Government of India has announced to give Padma Shri award for the year 2023 to how many personalities of Rajasthan?
Which state of India shares its border with least number of states?