6. Using the numerical example in problem 5, assume now that Foreign limits immigration, so that only
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6. Using the numerical example in problem 5, assume now that Foreign limits immigration, so that only three workers can move there from Home. Calculate how the movement of these three workers affects the income of five different groups:
a. Workers who were originally in Foreign
b. Foreign landowners
c. Workers who stay in Home
d. Home landowners
e. The workers who do move
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Related Book For
International Finance Theory And Policy
ISBN: 9781292238739
11th Global Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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