Suppose that the Home country in the twosector
(manufacturing and agriculture) specificfactors model
Has a comparative advantage in manufactured output.
Which specific factor will gain after trade occurs?
A) Capital
B) Land
C) both capital and land
D) Labor
Correct Answer:
Verified
Q93: Suppose that land is specific to agriculture,
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The
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The
Q99: What is the idea behind fairtrade coffee?
A)ensuring
Q100: The example of "fairtrade" coffee illustrates the
Problem
Q102: Suppose that the wage is $20 per
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Q137: Which specific factor loses from trade?
A) one
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