Solved

Country Y Has 15 Thousand Acres of Land and 45

Question 15

Multiple Choice

Country Y has 15 thousand acres of land and 45 thousand laborers, whereas the Rest of the World has 100 thousand acres of land and 200 thousand laborers. These countries produce a labor-intensive good A, and a land-intensive good B. When trade opens up between these countries, it can be inferred that country Y will:


A) export both goods.
B) export good B, and import good A.
C) export good A, and import good B.
D) import both goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions