In the Specific Factors Model, a 5% Decrease in the Price

question 59

Multiple Choice

In the specific factors model, a 5% decrease in the price of food accompanied by a 5% decrease in the price of cloth will cause ________ in the welfare of labor, ________ in the welfare of the fixed factor in the production of food, and ________ in the welfare of the fixed factor in the production of cloth.

• A) an increase; an increase; an increase
• B) a decrease; a decrease; a decrease
• C) no change; no change; no change
• D) a decrease; an increase; an increase
• E) an increase; a decrease; a decrease

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Definitions:

Insight Therapy

A form of psychotherapy that focuses on helping individuals gain understanding about the causes of their psychological issues to promote healing.

Transpersonal Therapy

A holistic form of psychotherapy that integrates spiritual aspects of the human experience with traditional psychological methods.

Clinical Psychologist

An expert trained to identify and provide therapy for mental disorders, emotional problems, and maladaptive behavior.

Depression

A clinical condition marked by a low mood and aversion to activity, affecting one's thoughts, behavior, feelings, and sense of well-being.