Solve clearly

ch Guides Part 2 of 4 - Problem 2 ces Consider a Heckscher-Ohlin model where two planets, Dantooine and Tatooine, use high-skill labor and low-skill labor to produce lightsaber crystals (C) and hyperdrives (H). Suppose that both kinds of labor are freely mobile between both industries. ments Question 1 of 2 2 Points book IS Click to see additional instructions Round everything to the nearest tenth (e.g., 8.25 becomes 8.3) & Quizzes Suppose that by opening up to trade the price of crystals in Tatooine falls by 10% and the price of hyperdrives does not change. Use the following information to determine how these affect the payments to high-skill and low-skill labor: Lightsaber Crystals: Sales Revenue 300 15 Lightsaber Crystals: High-Skill Labor Payments 200 Lightsaber Crystals: Low-Skill Labor Payments 100 Hyperdrives: Sales Revenue 200 Hyperdrives: High-Skill Labor Payments 40 Hyperdrives: Low-Skill Labor Payments 160 In this case, the wage rate to high-skilled labor would change by and the wage rate to low-skilled labor would change by 96.Question 2 of 2 1 Points As a result of these changes: O A. High-skill labor is made worse off, and low-skill labor is made better off O B. High-skill labor is made better off, and low-skill labor is made worse off O c. High-skill labor is made worse off, and low-skill labor is made worse off O D. High-skill labor is made better off, and low-skill labor is made better off Reset Selection Previous Next Save Exit