Sentence examples for change in factor from inspiring English sources

Finally, use the model again to determine the change in factor prices implied by that change in goods prices.

There is no necessary reason why we must think of the effects of a change in factor supplies in this two-step fashion.

Instead, the major disputes have been philosophical: what does it mean to say that technology or trade has Acaused@ a given change in factor prices?

If neither prices nor quantities are causal, however, what does it mean to say that trade caused or didn=t cause a change in factor prices?

We won't go through the algebra here, but the key is to develop a system of trials that allows product engineers to analyze the average effect of change in factor levels under different sets of experimental conditions.

If the hypothetical change in factor endowments is equal to the factor content of the real economy=s trade, we will end up with an economy whose production possibility curve is TT - that is, an economy whose autarky prices are the same as the prices at which the original economy trades.

The complicating factor with regard to valley history is that multiple terraces may be formed during an adjustment to one equilibrium-disrupting change in factors that control fluvial mechanics.

For the next thought experiment, we consider not a trading economy but a closed one, and ask how changes in factor supplies change factor prices.

We used the congruence coefficient (rc) to calculate the changes in factor structures under different situations.

And surely it remains true that if you change factor endowments, and the vector of changes is small (by whatever metric) relative to the initial vector, you would not expect large changes in factor prices, Cobb-Douglas or not.

To do this, we need to do two more thought experiments, one on the effect of changes in factor supplies, then a final one showing the equivalence between such changes and the effects of trade.