6. International trade leads to expansion in exporting industries and contraction in import -competing industries. This raises
Question:
6. International trade leads to expansion in exporting industries and contraction in import -competing industries. This raises the domestic demand for abundant factors of production, reduces the demand for scarce factors, and so affects factor prices, such as wages.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Muhammad Khurram
I have strong General Management skills to apply in your projects. Over last 3 years, I have acquired great knowledge of Accounting, Auditing, Microsoft Excel, Microsoft PowerPoint, Finance, Microsoft Project, Taxation, Strategic Management, Human Resource, Financial Planning, Business Planning, Microsoft Word, International Business, Entrepreneurship, General Management, Business Mathematics, Advertising, Marketing, Supply Chain, and E-commerce. I can guarantee professional services with accuracy.
249+ Reviews
407+ Question Solved
Related Book For 
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
Question Posted:
