Starting from an Autarky (No- Trade)situation with Heckscher- Ohlin Model,if

question 28

Multiple Choice

Starting from an autarky (no- trade) situation with Heckscher- Ohlin model,if Country H is relatively labor abundant,then once trade begins

• A)wages should rise and rents should fall in H.
• B)rent will be unchanged but wages will rise in H.
• C)wages and rents should rise in H.
• D)wages should fall and rents should rise in H.
• E)wages and rents should fall in H.

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Definitions:

Storage Decay

The process by which unused and unrecalled memories weaken and fade over time, often leading to forgetting.

Childhood Memories

Recollections of past events and experiences from one's early years, often having a lasting impact on an individual's identity and psychological development.

Memory Trace

A term describing the physical or chemical changes that take place in the brain during the formation of a memory.

Anterograde Amnesia

An inability to form new memories following an event that caused the amnesia, even though recall of past events may be unaffected.