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

question 58

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

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Definitions:

Compulsive Consumption

The uncontrollable drive to purchase goods or services in an excessive or unnecessary manner, often leading to psychological stress or financial problems.

Obsessive Need

refers to an overpowering, persistent desire or compulsion to act or obtain something, often beyond rationality.

Shopaholics

Individuals with a compulsive shopping behavior, often buying more than needed or can afford, leading to financial and emotional distress.

Consumption Addicts

Individuals who compulsively engage in excessive or uncontrolled consumption of goods or services, often seeking emotional or psychological satisfaction.