Multiple Choice
Hapland and Genoshia have just started to trade with each other.Hapland exports goods produced with skilled labor and imports goods made with unskilled labor from Genoshia.Over time,we would expect that the wages of skilled labor in Hapland will
A) rise, and the wages of unskilled labor in Hapland will fall.
B) fall, and the wages of unskilled labor in Hapland will rise.
C) rise, and the wages of unskilled labor in Hapland will rise.
D) fall, and the wages of unskilled labor in Hapland will fall.
Correct Answer:
Verified
Correct Answer:
Verified
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