国际经济学作业(2)

E) the real income of labor in both countries would decline.

26) If Japan is relatively capital rich and the United States is relatively land rich, and if food is relatively land intensive then trade between these two, formerly autarkic countries will result in A) an increase in the relative price of food in the U.S. B) an increase in the relative price of food in Japan. C) a global increase in the relative price of food.

D) a decrease in the relative price of food in both countries. E) an increase in the relative price of food in both countries.

27) Trade benefits a country by

A) increasing available consumption choices.

B) reducing the need for specialization in production. C) reducing the relative price of the exported good. D) increasing the real income of all resource owners. E) increasing the wage rate.

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