The "Magnification Effect" Refers to the Fact That, When a Country

question 4

Multiple Choice

The "magnification effect" refers to the fact that, when a country is opened to trade,

• A) the price of the export good rises.
• B) real income is magnified even though the PPF does not change.
• C) the price of the abundant factor rises faster than does the price of the export good.
• D) the price of the scarce factor rises.

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Definitions:

Chlorine Atom

An elementary particle of chlorine, which is a chemical element with the symbol Cl and atomic number 17, known for its high reactivity and use as a disinfectant.

Ozone Molecules

Triatomic molecules consisting of three oxygen atoms, crucial for absorbing the majority of the sun's harmful ultraviolet radiation in the Earth's atmosphere.

Molecular Oxygen

A diatomic molecule composed of two oxygen atoms, O2, essential for most forms of life on Earth due to its role in cellular respiration.

Wildlife Habitats

Natural environments in which various species of wild plants, animals, fungi, and other organisms live and interact.