Say there are 2 sectors and 3 factors: land (immobile, used to produce wheat), capital (immobile, used to produce clothes) and labor (mobile, used in both sectors). Say this country opens to trade with a country that has a LOWER price of clothes. Assume that the price of clothes falls and the price of wheat stays the same. Show the ranking of the percentage change in the returns to each factor and the prices of the goods. (Show enough work, or explain what you are doing in order to get partial credit if wrong).
[if you are typing, you can use %dPw to mean percentage change of the price of wheat, etc]
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more
Recent Comments