Suppose land is the specific factor for rice while capital, Ask an Expert

Economics

Suppose land is the specific factor for? rice, while capital is the specific factor for appliances. If New Zealand exports appliances and imports? rice, the specific factors setting implies that trade causes

A. the income of New Zealand capital owners to rise.

B. the purchasing power of New Zealand capital and land owners will both rise due to the reduction in the cost of consuming rice.

C. the income of New Zealand land owners to rise.

D. the income of New Zealand capital owners to fall.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91998234

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