If Trade Opens Up Between the Two Formerly Autarkic Countries

question 2

Multiple Choice

If trade opens up between the two formerly autarkic countries, Australia and Belgium, then

• A) the real income of both countries will increase.
• B) the real income of neither country will increase.
• C) the real income of Australia but not of Belgium will increase.
• D) the real income of Australia and of Belgium will increase.
• E) the real income of both countries may increase.

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Definitions:

Presbyopia

A common age-related eye condition that results in difficulty focusing on close objects.

Diminished Near Vision

A condition in which an individual experiences a decrease in the ability to see objects clearly at a close range, often due to aging.

Traveler's Diarrhea

A digestive tract disorder characterized by sudden onset of loose stools and abdominal cramps, affecting travelers usually due to ingestion of contaminated food or water.

Dehydration

A condition resulting from excessive loss of body fluids, leading to an imbalance of water and electrolytes, affecting bodily functions.