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13 - Using the same data from the previous question, Lannisterland starts trading with Mickeyland. Both share the same technology, they only differ in their
13 - Using the same data from the previous question, Lannisterland starts trading with Mickeyland. Both share the same technology, they only differ in their relative endowments where in Mickeyland K = 100 and the labor endowment are L = 200. After trade we know that: a) world equilibrium prices are equal to Pp/Ps=4 b) In Mickeyland 110 workers will be assigned to the sword industry. c) Lannisterland exports 50 swords to Mickeyland. d) All the options are correct
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