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n the specific-factors model, suppose that population (number of workers) decreases, while prices remain constant. Assume that land is specific to agriculture, capital is specific
n the specific-factors model, suppose that population (number of workers) decreases, while prices remain constant. Assume that land is specific to agriculture, capital is specific to manufacturing, and labor is free to move between the two sectors. The rental rate of capital ______, and the rental rate of land ______
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
