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Author Question: Refer to above figure. What is the revenue gain or loss for Europe as a whole (including taxpayers)? ... (Read 64 times)

maegan_martin

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on: Jun 30, 2018
Refer to above figure. What is the revenue gain or loss for Europe as a whole (including taxpayers)?
 
  What will be an ideal response?

Question 2

If Australia has relatively more land per worker, and Belgium has relatively more capital per worker, then if trade began between these two countries
 
  A) the relative price of the land-intensive product would increase in Australia.
  B) the relative price of the capital-intensive product would increase in Australia.
  C) the relative price of the land-intensive product would increase in Belgium.
  D) the relative price of the capital-intensive product would decrease in Belgium.
  E) relative product prices would diverge between Australia and Belgium.


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leannegxo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A gain of 12 Million.

Answer to Question 2

A


maegan_martin

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

mochi09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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