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Question 1 Assume a Heckscher-Ohlin (HO) model of trade. Germany (GER) and Italy (ITA) produce motorcycles (M) and textiles (T) using two factors, capital (K)

Question 1
Assume a Heckscher-Ohlin (HO) model of trade. Germany (GER) and Italy (ITA) produce motorcycles (M) and textiles (T) using two factors, capital (K) and labor (L), that are mobile across sectors. The production of motorcycles is capital intensive and that of textiles is labor- intensive. Let Germany and Italy relative supplies be represented in the diagram below:
RS GER RSIIn > QH QT

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