Answered step by step
Verified Expert Solution
Question
1 Approved Answer
In the specific-factors model, an increase in the price of the manufactured good will cause: an increase in the wage in the manufacturing sector. capital
In the specific-factors model, an increase in the price of the manufactured good will cause:
- an increase in the wage in the manufacturing sector.
- capital to move from the agricultural to the manufacturing sector.
- land to move from the manufacturing to the agricultural sector.
- a decrease in the wage in the agricultural sector.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started