Question: Question 14 (2.5 points) The reason for the missing trade appears to be the assumption of identical factor endowment among countries. True False Question 15

Question 14 (2.5 points) The reason for the "missing trade" appears to be the assumption of identical factor endowment among countries. True False Question 15 (2.5 points) If Slovenia exports cloth, then if it increases its production of cloth due to economic growth biased toward cloth, this would _________ the relative supply of cloth, the relative price of cloth, and thus the welfare of Slovenia. A) increase; increase; increase B) decrease; decrease; decrease C) decrease; increase; increase D) decrease; increase; decrease E) increase; decrease; decrease

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