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

question 12

Multiple Choice

In the specific factors model,a 5% increase in the price of food accompanied by a 5% increase 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) no change; no change; no change
• B) an increase; an increase; an increase
• C) a decrease; an increase; an increase
• D) an increase; a decrease; a decrease
• E) a decrease; a decrease; a decrease

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Definitions:

Forgetting

The loss or change of memory over time, which can occur for many reasons, ranging from brain injury to simple lack of use.

Physical Exercise

Activities related to the body that boost or preserve physical fitness and holistic health.

Stimulate Brain Cell

The process of activating or promoting the activity of neurons in the brain, which can influence neuroplasticity, learning, and memory.

Prevent Heart Attacks

Strategies or measures taken to reduce the risk factors associated with cardiac arrests, including lifestyle modifications and medical interventions.