Examlex

Solved

(Table: an Economy Before and After Trade) Why Does the Return

question 84

Multiple Choice

(Table: An Economy Before and After Trade) Why does the return to capital change after trade occurs? The top part of the table gives manufacturing and agricultural prices, production, resource utilization, and resource payments in autarky (a no-trade situation) . The bottom part of the table provides (some of) the same information after trade occurs. (Table: An Economy Before and After Trade)  Why does the return to capital change after trade occurs? <i>The top part of the table gives manufacturing and agricultural prices, production, resource utilization, and resource payments in autarky (a no-trade situation) . The bottom part of the table provides (some of)  the same information after trade occurs. </i>  A)  There is more labor used in the manufacturing sector. B)  There is more capital used in the manufacturing sector. C)  There is more labor used in the agricultural sector. D)  There is more land used in the agricultural sector.


Definitions:

Standard of Care

The level of carefulness and caution expected from someone who has a responsibility to act carefully.

Property

Assets or possessions that are owned by an individual or entity, which can be tangible or intangible.

Wrecking Ball

A heavy piece of equipment used for demolishing large structures, such as buildings, symbolizing significant or forceful change or destruction.

Execute Judgement

The legal process of enforcing or implementing a court's judgment or order.

Related Questions