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Chako Chako
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8 years ago
If Japan is relatively capital rich and the United States is relatively land rich, and if food is relatively land intensive then trade between these two, formerly autarkic countries will result in
A) an increase in the relative price of food in both countries.
B) a decrease in the relative price of food in both countries.
C) an increase in the relative price of food in the U.S.
D) an increase in the relative price of food in Japan.
E) a global increase in the relative price of food.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 166 times
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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#3
7 years ago
Good luck
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