Question: Factor Price Equalization means that A. the demand for the factor that is abundant in a country will be higher so that the price of
Factor Price Equalization means that
A. the demand for the factor that is abundant in a country will be higher so that the price of this factor equals across countries B. for countries to trade freely, factors of production need to be taxed accordingly so that their prices are equaled across countries C. the supply of the factor that is abundant in a country will be higher so that the price of this factor equals across countries D. free trade makes the cost of identical factors in different countries to be more similar than they were in autarky
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