In the "Specific-Factors" Model Where Capital in Each Sector Is

question 27

Multiple Choice

In the "specific-factors" model where capital in each sector is fixed but labor can move Freely between the two sectors, the opening of the country to trade will increase the real Return to capital in the __________ sector and will increase the real wage of a worker Who __________.

• A) export; consumes mostly the import good
• B) export; consumes mostly the export good
• C) import-competing; consumes mostly the import good
• D) import-competing; consumes mostly the export good

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Definitions:

Divestment Ritual

A divestment ritual involves the symbolic removal of value or identity from an object, often as part of disposing of personal possessions.

Transition-Place

a location or phase that marks the change from one state or condition to another.

Iconic Transfer Rituals

Practices involving the transfer of items endowed with special meaning from one person to another, often as a part of ceremonial exchanges.

Lateral Cycling

The process of reusing or redistributing an existing product, especially in a different context or application than originally intended, to extend its lifecycle and reduce waste.