1. (three points) If Argentina has relatively more land per worker, and Mexico has relatively more capital per worker, then if trade were to open up between these two countries, what would the Heckscher-Ohlin model predicts about:
2. patterns of trade between the two countries
3. Argentina's and Mexico's factors of production (labor, capital, and land) gain/loss from trade.
4. Argentina's relative wages, W/R or wages/landrental rate and Mexico's relative wages, W/R or wages/capital rental rate
5. trade impact on Argentina's and Mexico's relative demand for labor, L/T , where T=land) and L/K
6. trade impact on Argentina's and Mexico's overall welfare