After Trade Opens,the Short Run Impact on the Income of the Variable

question 3

Multiple Choice

After trade opens,the short run impact on the income of the variable factor will be

• A)a decrease.
• B)an increase.
• C)zero.
• D)indeterminate,depending on the consumption pattern of the owners of the variable factor.
• E)indeterminate,depending on the productivity of the variable factor.

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Definitions:

Tape-recording

The act of recording sound, especially conversations, onto magnetic tape as a means of keeping a record.

Lay Witness

A witness who testifies in court about what they saw, heard, or know directly, not providing an expert opinion.

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A person with specialized knowledge, skills, or experience in a particular field who provides testimony in legal proceedings to clarify facts at issue.

Credible

Worthy of belief or confidence; reliable and trustworthy.