The world price of steel is $100 a ton. Before international trade, the price of steel in India is $60 a ton. If India begins trading internationally, the price of steel in India ________ and steel mills in India ________ the quantity they produce
A) rises; increase
B) falls; increase
C) does not change; increase
D) rises; decrease
E) falls; decease
A
Economics
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Which of the following is not an example of human capital formation?
A. Increases in the educational achievements of the population B. Improvements in the nutrition and health of the labor force C. Increases in job skills of the labor force D. Increases in the birth rate of the population
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