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

question 10

Multiple Choice

In the specific factors model,a 5% increase in the price of food accompanied by a 1% 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; an increase; a decrease
• B) an ambiguous change; a decrease; an increase
• C) an ambiguous change; an ambiguous change; an ambiguous change
• D) a decrease; an ambiguous change; an ambiguous change
• E) an increase; a decrease; an increase

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Definitions:

Emotional Regulation

The ability to manage and respond to an emotional experience in a healthy and productive manner.

Independently

Acting or functioning on one's own, without reliance on others or external assistance.

Sense Of Initiative

A feeling of confidence and determination to take decisive action and make the first steps in doing something.

Protective Optimism

An optimistic outlook that can serve as a psychological buffer against the negative effects of stress or adversity.