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

question 38

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.

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Definitions:

Disjuncts

Individual choices or alternatives within a disjunctive proposition, where the truth of any one disjunct implies the falsity of the others when presented in an "either/or" format.

Syllogisms

A form of logical reasoning where a conclusion is drawn from two given or assumed propositions (premises), each of which shares a common or middle term not present in the conclusion.

Hypothetical Proposition

A statement that posits a condition and its potential outcome, often structured as "if-then."

Converse

In logic, the converse of a conditional statement is formed by reversing its antecedent and consequent.