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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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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91929251

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