Suppose That the Home Country in the Two­sector

question 10

Multiple Choice

Suppose that the Home country in the two­sector
(manufacturing and agriculture) specific­factors model
Has a comparative advantage in manufactured output.
Which specific factor will gain after trade occurs?

• A)Capital
• B)Land
• C)both capital and land
• D)Labor

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Definitions:

Individualistic Orientation

A mindset or approach focused on the rights, significance, and achievements of the individual over those of the collective group.

Self-rewarding Orientation

An approach or attitude where individuals find intrinsic satisfaction and motivation in their actions, without needing external rewards.

Nationalistic Orientation

A perspective or ideology that places the interests and cultural identity of one's own nation above others, often emphasizing sovereignty and patriotism.

Empathy

the capacity to understand and feel what another person is experiencing from within their frame of reference.