If Home Is Capital Abundant, Then When It Begins to Freely

question 16

Multiple Choice

If Home is capital abundant, then when it begins to freely trade with the rest of the world, the return to capital in Home should _________ and the real wage in Home should _______.

• A) fall; rise
• B) fall; fall
• C) rise; rise
• D) rise; fall

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Definitions:

English Liberties

The fundamental rights and freedoms traditionally enjoyed by English subjects, often cited as a historical basis for modern democratic liberties.

Ideal Government

A theoretical or conceptual government considered to be the best possible, often involving principles of justice, equality, and effective governance.

Religious Dissension

Disagreements and discord within or between religious communities, often leading to disputes, schisms, or conflicts.

Civil War

A war between the Union (northern states) and the Confederacy (southern states) in the United States from 1861 to 1865, mainly concerning slavery and the rights of states.