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Title: The relative price of a unit of cloth in the small isolated country of Moribundia is 5 units of food Post by: Chako on Mar 11, 2016 The relative price of a unit of cloth in the small isolated country of Moribundia is 5 units of food. When then central city, Mudhole, puts in an airstrip, the country is able to engage in trade. If the relative price of cloth in the outside world is 3 units of food, then Moribundia will export ________ and ________ factors used in the production of ________ will benefit.
A) food; immobile; cloth B) cloth; immobile; cloth C) food; immobile; food D) food; mobile; food E) cloth; mobile; cloth Title: Re: The relative price of a unit of cloth in the small isolated country of Moribundia is 5 units of Post by: machukian on Apr 16, 2016 Content hidden
Title: Re: The relative price of a unit of cloth in the small isolated country of Moribundia is 5 units of food Post by: Chako on Apr 25, 2016 Makes a lot of sense, and you're right.. I appreciate the input
Title: Re: The relative price of a unit of cloth in the small isolated country of Moribundia is 5 units of food Post by: machukian on May 11, 2016 Happy to help you!
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