If Australia Has Relatively More Land Per Worker, and Belgium

question 41

Multiple Choice

If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if trade began between these two countries

• A) the relative price of the capital-intensive product would decrease in Belgium.
• B) relative product prices would diverge between Australia and Belgium.
• C) the relative price of the land-intensive product would increase in Australia.
• D) the relative price of the land-intensive product would increase in Belgium.
• E) the relative price of the capital-intensive product would increase in Australia.

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Definitions:

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, a fundamental mechanism underlying sensory perception and cognition.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception, often in visual or auditory forms.

Selective Attention

The cognitive process of focusing on a particular object or task while ignoring other irrelevant information.

Hypnotic Pain Relief

A therapeutic technique involving hypnosis to manage and reduce pain perception in individuals without the use of pharmaceutical drugs.