(Choose 1 answer)
(16017)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 both countries.
B. an increase in the relative price of food in the U.S.
C. a decrease in the relative price of food in both countries.
D. an increase in the relative price of food in Japan.
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Exit 8
