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I am confused with those questions toj po is relatively labour abundant compared to the United States. Question 3. - Analysis of the Heckscher-Ohlin Model

I am confused with those questions

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toj po is relatively labour abundant compared to the United States. Question 3. - Analysis of the Heckscher-Ohlin Model (20 marks) Suppose two countries, Canada and 10915 10 the United States both produce maple syrup and chocolate using capital (K) and labour (L) only. Maple the conditions of factor intensities described above. 70910 syrup production is capital intensive and chocolate production is labour intensive. Furthermore Canada ID 57091 for complied to (a) (2 marks) Write down a production function for maple syrup and chocolate production that meets Do not intensive"? Show this mathematically and explain in words. Higher before trade occurs? been comp (6 marks) What does it mean for the production of a good to be "capital-intensive" versus "labour- no has been or circulate nor circulate Wei, Zixiang W 57091 Canada and the United States? (c) (2 marks) In which country is the relative price of the capital-intensive good (i.e. maple syrup) i Zixiang This file has been con or circulate she has been not copy or c (d) (2 marks) What will happen to the relative price of maple syrup in Canada following ID 570910 lied for Wei, Zixian trade between Canada and the United States? A for Wei, Zixiang file has Do not copy or cit This file Do not copy States. Label your graph. 4916049 (e) (2 marks) What will happen to the relative price of maple syrup in the United States following 1916029 1 yum S pen complied to file Circulate This h Do not cops ng trade between Do not (f) (6 marks) Show what happens to the production of maple syrup and chocolate in Canada using" a production-possibilities frontier (PPF) curve following trade between Canada and the United TOM to1 pondmoo u. has been c py or circulate. py or circulate Wel, Zixiang file has bee 10 Adog 2916049

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