1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frozen [14]
3 years ago
5

Assume the standard trade model with two countries (Alpha and Beta), two goods (food and drink), and two factors of production (

land and labor). Further assume that Alpha is relatively labor-abundant and drink is relatively labor-intensive. If the countries engage in free trade, the price of food will:
Social Studies
1 answer:
alex41 [277]3 years ago
6 0

Answer:

the price of food will fall in Alpha and rise in Beta

Explanation:

Based on the information provided within the question it can be said that in this scenario If the countries engage in free trade, the price of food will fall in Alpha and rise in Beta. This is mainly due to the fact that Alpha has a comparative advantage in drinks but not food due to drinks being labor intensive and Alpha having enough laborers to handle it. Therefore Beta will most likely trade their food for drinks causing prices of food to rise in Beta.

You might be interested in
The principle of ministerial responsibility is the idea that
Mashcka [7]

Answer:

A minister takes responsibility of the role/office he/she is assigned too.

Explanation:

It is a parliamentary fundamental constitution in the British system of government whereby a minister takes responsibility of the office and conduct of the parliament he/she is assigned to.

3 0
3 years ago
HELP IM N UNIT TEST REVEIW
ikadub [295]
Good luck! Hope this helped
3 0
3 years ago
Read 2 more answers
Name an industry that was negatively impacted (lost money) by the coronavirus? And why
love history [14]

Answer:

The people who make our money

Explanation:

There is a world-wide money shortage in America right now.

3 0
3 years ago
Sam is an accountant who is especially busy during tax season. By the end of each day he complains of shoulder stiffness and tig
lara [203]

Answer: Incorrect posture, learn good posture habits or get ergonomical chairs

Explanation:

Incorrect posture is sitting against the appropriate posture of the body, either when writing, sleeping, eating or working. When there is a bad posture to this it affects the body system especially the spinal cord, neck, back. Incorrect posture can lead to kyphosis. One way Sam can solve this pain is by learning proper sitting or working pattern or get ergonomical chairs that assist him to sit well.

5 0
3 years ago
why do you think that government must assume the overall responsibility for public facilities even when it gets private companie
Oliga [24]

The government is responsible for the up keep of public facility's since they are part of peoples every day lives, and people can not lead every day lives without access to them. As stated in the constitution the government must uphold life, liberty, and the pursuit of happiness, which means making sure citizens rights are upheld. Public facility's fall under life which makes the government responsible for the upkeep of public facility's. I hope this helps.

3 0
3 years ago
Other questions:
  • When Aristotle said "the audience is the end and object of the speech," he meant that what matters most is if the audience likes
    7·1 answer
  • How did colonization change Africa
    12·2 answers
  • Janet means well when she tells her daughter, "Please don’t ever date a boy with a tattoo. People with tattoos are dangerous. A
    7·1 answer
  • Jesus' healings are a sign that the Father's plan of salvation is being fulfilled by
    9·1 answer
  • What should be done when a "sister of god" (nun) enters the wine shop for a drink
    15·1 answer
  • A roller coaster with a potential energy of 235,200 J sits at the top of a 30 m high hill. What is the mass of the roller coaste
    14·2 answers
  • What does iconic memory store?
    15·2 answers
  • Hi! Can you please help me?
    9·2 answers
  • Describe three reasons why the Chinese closed their doors to the world. It's important and due today!
    12·2 answers
  • A researcher is interested in determining whether the measurement of an instrument to be used in a research study makes sense. w
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!