If Japan Is Relatively Capital Rich and the United States

question 8

Multiple Choice

If Japan is relatively capital rich and the United States is relatively land rich, and if food is relatively land intensive then trade between these two, formerly autarkic countries will result in

• A) a global increase in the relative price of food.
• B) an increase in the relative price of food in the U.S.
• C) a decrease in the relative price of food in both countries.
• D) an increase in the relative price of food in Japan.
• E) an increase in the relative price of food in both countries.

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Definitions:

Share Transfer

The process of transferring ownership of shares from one person or entity to another in a corporation.

Partnership Agreement

A legal document that outlines the rights, responsibilities, and profit shares of the partners in a business partnership.

Specified Period

A clearly defined duration of time.

Notice of Dissolution

A formal announcement or written statement informing relevant parties that a particular legal entity, such as a partnership or corporation, is being dissolved or terminated.