Assume that Russia is relatively labor abundant and Qatar is relatively capital abundant. If the countries were trading

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Assume That Russia Is Relatively Labor Abundant And Qatar Is Relatively Capital Abundant If The Countries Were Trading 1 (40.18 KiB) Viewed 24 times

Assume that Russia is relatively labor abundant and Qatar is relatively capital abundant. If the countries were trading freely, what would happen if a new "trade deal" caused them not to trade any longer? the relative price of the capital-intensive product would rise in Russia the relative price of the capital-intensive product would fall in Russia the relative price of the capital-intensive product would rise in Qatar relative price of the capital-intensive product would fall in Qatar the relative price of the labor-intensive product would rise in Russia the relative price of the labor-intensive product would fall in Russia the relative price of the labor-intensive product would rise in Qatar the relative price of the labor-intensive product would fall in Qatar wages rise in Russia wages fall in Russia Owages rise in Qatar wages fall in Qatar capital rents rise in Russia D capital rents fall in Russia D capital rents rise in Qatar capital rents fall in Qatar B Onone of these