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As relative prices in various industries change due to trade, the marginal product of the mobile resources used in the expanding industry __________, and the marginal product of the mobile resources used in the contracting industry __________.
New Left Movement
A political movement that emerged in the 1960s, focusing on civil rights, anti-imperialism, and opposition to traditional capitalist values.
Participatory Democracy
A model of democracy in which citizens have the power to decide directly on policy and politicians are responsible for implementing those policy decisions.
Barry Goldwater
An American politician and a senator from Arizona who was a major figure in the Conservative movement and the Republican presidential nominee in 1964.
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