Refer to above figure. What is the revenue gain or loss for ...

[maegan_martin]

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.

[leannegxo]

Answer to Question 1

A gain of 12 Million.

Answer to Question 2

A

[maegan_martin]

Great answer, keep it coming

[okolip]

Thanks for the timely response, appreciate it