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If Australia has more land per worker, and Belgium has more capital per worker,then if trade began between these two countries Group of answer choices the real income of labor in both countries would decline. the real income of capital owners in Australia would increase. the real income of labor in Australia would decline. the real income of landowners in Belgium would decline. the real income of labor in Belgium would decline.

Answer :

osondumartins

Answer:

The real income of landowners in Belgium would decline.

Explanation: Trade is the buying and selling of goods and rendering of services taking place between two or more parties.

When Organisations merge or when two countries wants to become trade partners, they both will bring parts of their resources or provide one of the factors required where they have a Competitive advantage to the trade or business.

AUSTRALIA WITH ITS LARGE LAND MASS WILL MAKE ITS LAND AVAILABLE TO BELGIUM WHILE BELGIUM WILL MAKE ITS CAPITAL AVAILABLE,THIS WILL MAKE THE REAL INCOME OF LAND OWNERS IN BELGIUM TO DECLINE AS THEIR WILL BE A SHIFT TO AUSTRALIA FOR LAND.

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