Question: B. Now consider labor demand and supply functions ld 1 1w2 5 1A 2 w2/a and ls 1 1w2 5 1B 1 w2/b for the

B. Now consider labor demand and supply functions ld 1

1w2 5 1A 2 w2/a and ls 1

1w2 5 1B 1 w2/b for the rest of the world and ld 2

1w2 5 1C 2 w2/g and ls 2

1w2 5 1D 1 w2/d for the United States.

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