Starting from an Autarky (No-Trade)situation with Heckscher-Ohlin Model,if Country H

question 58

Multiple Choice

Starting from an autarky (no-trade) situation with Heckscher-Ohlin model,if Country H is relatively labor abundant,then once trade begins

• A) wages should rise and rents should fall in H.
• B) wages and rents should rise in H.
• C) wages and rents should fall in H.
• D) wages should fall and rents should rise in H.
• E) rent will be unchanged but wages will rise in H.

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Definitions:

Proteins

Organic compounds made of amino acids, essential for the growth, repair, and maintenance of body tissues.

Nutritional Supplements

Products taken orally that contain one or more ingredients (like vitamins or amino acids) intended to supplement one's diet and are not considered conventional food.

Vitamins

Organic compounds required in small amounts for normal metabolic functions, not synthesized by the body in sufficient amounts.

Minerals

Inorganic elements that are essential for the body to perform various physiological functions and found in foods and supplements.