This is a complete question, there are is missing data or information. How does PURE differs from
Question:
This is a complete question, there are is missing data or information.
How does PURE differs from MIXED (Ricardo-Viner) specific factors model. Please provide clear explanations and graphs (if possible)
Q: In the Pure Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then
A.Both owners of K and owners of A will benefit.
B.Owners of A will benefit.
C.Owners of K will benefit.
D.Neither owners of K nor owners of A will benefit.
Q. In the Mixed Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then
A.Both owners of K and owners of A will benefit.
B.Owners of A will benefit.
C.Owners of K will benefit.
D.Neither owners of K nor owners of A will benefit.