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Suppose That the Home Country in the Two-Sector (Manufacturing and Agriculture)

question 38

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Suppose that the home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advantage in manufacturing output. What will happen to the return (rental) on land when trade occurs?


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Max Weber

A sociologist, philosopher, and political economist from Germany whose concepts significantly impacted the fields of social theory and research.

Benevolence

The quality of being well-meaning; kindness and generosity toward others.

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Refers to how important religion is to people.

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A clergy member ordained within the Baptist tradition, tasked with leading services, pastoral care, and spiritual guidance in a Baptist church.

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