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5. The factor-price equalization theory and transportation costs Which of the following statements about the factorprice equalization theory and the effects of transportation costs are correct? Check all that apply. :l A product will be traded internationally as long as the importing country is willing to pay more than the exporter's cost to produce the good plus the cost to transport it. _l Differences in transportation costs do not affect the comparative advantage of trading nations. :l Differences in transportation costs across countries affect the volume and composition of trade. :l Transportation costs and other trade barriers cannot prevent product prices from equalizing. which of the following statements about transportation costs are correct? Check all that apply. :l Transportation costs have recently become a larger expense for the global economy than was previously observed. :l Falling transportation costs reduce the volume of international trade by eliminating the basis for the growth of trade. :l Over the past 50 years. transportation costs of U.S. imports have fallen to less than half of what they used to be, relative to the value of imports. :l International transportation costs are declining everywhere in the world. :l Transportation costs are determined by the distance between two points, weight, Sizer value, and the volume of trade