Question
As relative prices in various industries change due to trade, the marginal product of the mobile resources used in the expanding industry __________, and the
As relative prices in various industries change due to trade, the marginal product of the mobile resources used in the expanding industry __________, and the marginal product of the mobile resources used in the contracting industry __________.
- rises; falls
- falls; rises
- remains the same; remains the same
- changes by exactly the same percentage; changes by exactly the same percentage
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
