Suppose That Due to a Drought, the Price of Agricultural

question 28

Multiple Choice

Suppose that due to a drought, the price of agricultural
Goods rises.If land is specific to agriculture, capital is
Specific to manufacturing, and labor is mobile between
Sectors, which of the following is TRUE?

• A)The percentage change in labor income is less than zero.
• B)The percentage change in labor income is greater than the percentage change in the relative price of
• Agricultural goods.
• C)The percentage change in labor income is greater than the percentage change in the relative price of
• Manufacturing goods.
• D)The percentage change in labor income is less than the percentage change in the relative price of
• Agricultural goods.

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Definitions:

Magnetic Behaviors

The characteristics and responses of materials or systems under the influence of magnetic fields.

Line of Flux

Refers to the path that magnetic flux follows within a magnetic field, indicating the direction and strength of magnetic forces.

Conductor

A material that permits the flow of electrical current, often used for making wires and other components in electrical circuits.

Electro-magnetism

A fundamental branch of physics concerned with the electromagnetic force that occurs between electrically charged particles.