(Table: an Economy Before and After Trade) What Is the Return

question 93

Multiple Choice

(Table: An Economy Before and After Trade) What is the return to land 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.

• A) $5.00 per acre
• B) $2.50 per acre
• C) $150.00 per acre
• D) $22.00 per acre

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