1 The long-run effects of the decline of Australia's population due to Covid-19 related border closures We continue our analysis of the impact of Covid-lQ-related border closures and net emigration from Australia from Assignment 9. However, we will now study the long-run effects (You do NOT have to know the solution of Assignment 9 to be able to solve this exercise). (a) What are the long-run effects of the net emigration from Australia on the real wage, the real rental and production? Assume that agriculture is labor-intensive, and mining is capital-intensive. Illustrate using a box diagram! (b) How is your analysis related to the Rybczynski theorem and the factor price insensitivity theorem