U.S. residents bear the burden of unemployment equally

Which statement is accurate concerning the early history of globalization around the time of WWI?

a. In the decades before the war, international trade decreased steadily due to the colonial system. b. In the years after the war, rebuilding international trade was hampered most by the Nazi invasion of Europe. c. After the war, Great Britain's position was so strengthened that it could convince others to lower trade barriers. d. During the war, many trading relationships were destroyed, as trading partners became military adversaries.

Suppose that the Home country in the twosector (manufacturing and agriculture) specificfactors model has a comparative advantage in agricultural output. Will workers be better or worse off following the opening of trade with other countries?

a. Workers will be better off because the nominal wage increases. b. Workers will be worse off because the nominal wage decreases. c. Workers may be better off or worse off because the real wage in terms of the agricultural good rises and the real wage in terms of the manufactured good falls. d. Workers may be better off or worse off because the real wage in terms of the agricultural good falls and the real wage in terms of the manufactured good rises.