Foreıgn Trade Deneme Sınavı Sorusu #1391180

Which one of the following should be known so as to determine factor endowments of the trading countries in the real world?


New international trade theories

Factor-intensity reversal

Factor price index

Aims of trade restrictions

Unemployment rate


Yanıt Açıklaması:

Since countries use more than two factors of production, it is impossible to find out the relative factor prices that are the determinants of the factor endowments without using factor price index. We need to know the factor price index so as to determine factor endowments of the trading countries in the real world of many countries, many commodities and many factors of production.

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