Doubling L Is Likely To

question 3

Multiple Choice

Doubling L is likely to:

• A)increases the relative price of the L-intensive commodity
• B)reduces the relative price of the K-intensive commodity
• C)reduces the relative price of the L-intensive commodity
• D)any of the above

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Definitions:

Former Soviet Union

The group of republics that formed the Union of Soviet Socialist Republics (USSR), which existed from 1922 until its dissolution in 1991.

Reside

To live in a particular place.

Ecological Theory

A theoretical framework in the social and biological sciences that explores how organisms interact with each other and with their environments.

Ethnic Group

A population or group characterized by a shared cultural heritage or lineage.