subject
Social Studies, 12.03.2020 05:06 mariabarcenas6807

Assume the standard trade model with two countries (Alpha and Beta), two goods (food and drink), and two factors of production (land and labor). Further assume that Alpha is relatively labor-abundant and drink is relatively labor-intensive. Which of the following is most likely to happen in the short run following the opening of free trade between the countries?a. All the workers in both the countries will gain while all the land owners in both the countries will lose. b. All the workers in both countries will lose while all the land owners in both the countries will gain. c. The workers and land owners in the food industry in Beta will gain while the workers and the landowners in the drink industry will lose. d. The workers and the land owners in the food industry in Alpha will gain while the workers and the landowners in the drink industry will lose.

ansver
Answers: 3

Another question on Social Studies

question
Social Studies, 22.06.2019 05:30
Which party do you think would best fit your personal ideology and views? pick one of the two parties and explain three issues from that party's platform that you agree with.
Answers: 1
question
Social Studies, 22.06.2019 14:40
Which is relatively better: a score of 76 on a psychology test or a score of 22 on an economics test? scores on the psychology test have a mean of 90 and a standard deviation of 13. scores on the economics test have a mean of 52 and a standard deviation of 10.
Answers: 1
question
Social Studies, 22.06.2019 16:30
Humans are the only animals capable of communication
Answers: 2
question
Social Studies, 22.06.2019 18:30
In which type of economy are these decisions made by the producers , consumers, and the goverment?
Answers: 2
You know the right answer?
Assume the standard trade model with two countries (Alpha and Beta), two goods (food and drink), and...
Questions
question
Mathematics, 30.12.2019 06:31
question
Mathematics, 30.12.2019 06:31
question
Mathematics, 30.12.2019 06:31
question
Mathematics, 30.12.2019 06:31
Questions on the website: 13722361