A proposition is voted on by citizens
A capital-intensive country exports products that are capital intensive. which theory is this an example of International trade theory.
Heckscher-Ohlin theory, in economics, a theory of comparative advantage in international trade according to which countries in which capital is relatively plentiful and labor relatively scarce will tend to export capital-intensive products and import labor-intensive products.
while countries in which labor is relatively plentiful and capital relatively scarce will tend to export labor-intensive products and import capital-intensive products.
The theory was developed by the Swedish economist Bertil Ohlin (1899–1979) . For his work on the theory, Ohlin was awarded the Nobel Prize for Economics .
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In developing countries, labor is cheap and low wages are paid to employees. This enables firms to manufacture products at a low cost and, therefore, to fix low prices for them too. Such goods are exported because they become attractive in the international sphere due to their price. Domestic products from developed nations cannot compete in prices with those imports, because their production costs are much higher, specially the labor costs.
If domestic products cannot compete with imports, domestic firms will not be able to sell their products and this would lead to decrease in sales, a loss of profit and to an excess of employees that wil have to be dismissed.
<u>In absolute terms, low wages in a developing country reduce the production, income and employment levels in developed countries. </u>
The answer is Juanita is in
foreclosure stage. According to James Marcia, foreclosure stage is a person who
decides an occupation or decides on something that doesn’t elevates her options
or even her values land on that stage. Identity foreclosure adopted simply the
identity of her environment like her parents, close relatives and even her
respected friend. This type committed too soon to one personality without
recognizing her own also known as identity crisis.
Answer: Supply , Decrease.
Explanation:
According to the situation mentioned in the question, it is depicted that Baltimore newspaper has increased their price or had price hike due to the increase in newsprint's price.
This situation will primarily lead to the decrease in the demand of the Baltimore's newspaper.Thus, this will further have a relative effect the supply of the newspaper i.e. supply will decrease .
