Question
Which theorem intends to show that the change in
commodity prices changes the distribution of real incomes between capital and labor?Solution
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
What theme was the focus of the 62nd Session of the Commission for Social Development chaired by India?
- Which fuel type will the Prototype Fast Breeder Reactor (PFBR) use?
The Open Network for Digital Commerce (ONDC) is set to expand its services to include financial offerings, such as credit, insurance, investments, and g...
HDFC Bank, India’s largest private sector bank, has become the first lender in the country to achieve the milestone of 20 million credit cards in forc...
At which location near Pangong Tso Lake in Ladakh is India’s National Large Solar Telescope (NLST) being set up?
What unique adaptation phenomenon, characterized by traits like dwarfism or gigantism, is associated with island-dwelling species?
Under the “PM-CARES for Children” scheme a corpus of ____________ will be allocated to each of these children from the PM CARES fund.
Where was World Lion Day 2025 celebrated?
Which technology is NOT mentioned as part of India’s upgraded Multi-Agency Centre (MAC)?
Which organization has recognized BSE Limited as the Research Analyst Administration and Supervisory Body (RAASB) and Investment Adviser Administration ...
