Multiple Choice
(Table: Sales and Payments) Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural good. Wages in both sectors rise by 10%. Which of the following is the correct ordering (from highest to lowest) of changes in the real wage, real rental on capital, and real rental on land? 
A) real rental on land, real wage, real rental on capital
B) real wage, real rental on land, real rental on capital
C) real rental on capital, real rental on land, real wage
D) real rental on capital, real wage, real rental on land
Correct Answer:
Verified
Correct Answer:
Verified
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