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

question 30

Multiple Choice

In the specific factors model,a 5% increase in the price of food accompanied by a 10% 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) an ambiguous change; a decrease; an increase
• B) an ambiguous change; an ambiguous change; an ambiguous change
• C) a decrease; an ambiguous change; an ambiguous change
• D) an increase; a decrease; an increase
• E) an ambiguous change; an increase; a decrease

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Definitions:

Consciousness Raising

The process of increasing awareness or enlightening individuals about certain issues, often to inspire change or social action.

Didactic Techniques

Teaching methods designed to instruct or provide information to students or participants.

Meta-Analytic Studies

A research method that combines and analyzes results from multiple studies to draw more comprehensive conclusions about a topic or issue.

Obsessive-Compulsive Disorder

A mental disorder characterized by persistent, unwanted thoughts (obsessions) and repetitive behaviors or mental acts (compulsions) that an individual feels driven to perform.