Question
assume that, in the home country autarky equilibrium the price of computers is $80 while the price of a batch of apples is $10. Given
assume that, in the home country autarky equilibrium the price of computers is $80 while the price of a batch of apples is $10.
Given this information, what can we say about the MPL in the computer industry relative to the MPL in the apple industry?
If the opening to trade has this effect on the relative wage, then the amount of labor used relative to capital in any given industry will _________. (Expected answer: "increase" or "decrease")
The real wage paid to workers in terms of apples that can be purchased will ------------. The real wage in terms of computers that can be purchased will --------------. (Expected answers: "increase" or "decrease")
Why did a large number of African-American workers move from the South to the North during the first half of the 20th century (include both "push" and "pull" factors)?
What happened in the long-run to opportunities for economic advancement in the cities receiving the most migrants?
What will happen to production in the home country when the country opens up to trade?
need answer .please specify the information you required so is ill update accordingly.
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