If Australia has more land per worker,and Belgium has more capital per worker,then if trade began between these two countries
A) the real income of capital owners in Australia would increase.
B) the real income of labor in both countries would decline.
C) the real income of labor in Belgium would decline.
D) the real income of labor in Australia would decline.
E) the real income of landowners in Belgium would decline.
Correct Answer:
Verified
Q10: In the 2- factor,2- good Heckscher- Ohlin
Q11: Trade benefits a country by
A)increasing the real
Q12: If a country produces good Y (measured
Q13: In the 2- factor,2- good Heckscher- Ohlin
Q14: If Gambinia has many workers but very
Q16: The Heckscher- Ohlin model predicts all of
Q17: According to the Heckscher- Ohlin model
A)the scarce
Q18: One way in which the Heckscher- Ohlin
Q19: If Australia has relatively more land per
Q20: According to the Heckscher- Ohlin model,the source
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents