If Australia Has Relatively More Land Per Worker, and Belgium

question 41

Multiple Choice

If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if trade began between these two countries

• A) the relative price of the capital-intensive product would decrease in Belgium.
• B) relative product prices would diverge between Australia and Belgium.
• C) the relative price of the land-intensive product would increase in Australia.
• D) the relative price of the land-intensive product would increase in Belgium.
• E) the relative price of the capital-intensive product would increase in Australia.

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Definitions:

Agenda Setting

The process by which the media determines which issues or topics are considered important and therefore become prominent in public discourse.

Action Priorities

The determination and focusing on tasks or goals deemed most critical or beneficial to accomplish, often in the context of time management or strategic planning.

Time Frames

Specific periods during which activities, processes, or events are intended to happen or be completed.

Work Unit Performance

The effectiveness and efficiency of a group or team in achieving its assigned tasks and goals within an organization.