|
Title: If the price of the capital intensive product rises more than does the price of the land intensive p Post by: Chako on Mar 11, 2016 If the price of the capital intensive product rises more than does the price of the land intensive product, then
A) demand will shift away from the capital-intensive product, and its production will decrease relative to that of the land intensive product. B) the relative price of the capital intensive product will fall to some point between the pretrade relative prices. C) demand will shift away from the capital-intensive product, and its production will decrease. D) the country that exports the capital-intensive good will lose its comparative advantage. E) the production of the capital-intensive product will decrease, but by less than production of the land-intensive product. Title: Re: If the price of the capital intensive product rises more than does the price of the land intensi Post by: machukian on Apr 20, 2016 B
Title: Re: If the price of the capital intensive product rises more than does the price of the land intensive p Post by: Chako on Apr 25, 2016 Correct!
Title: Re: If the price of the capital intensive product rises more than does the price of the land intensive p Post by: machukian on May 11, 2016 Don't forget to vote my answer as best :nerd:
|