Question: 7. Specic Factors and Income Distribution (chapter 4) With reference to the numerical example in exercise 6, now assume that Foreign restricts immigration, so that

 7. Specic Factors and Income Distribution (chapter 4) With reference to

7. Specic Factors and Income Distribution (chapter 4) With reference to the numerical example in exercise 6, now assume that \"Foreign" restricts immigration, so that only 3 workers are allowed to move from \"Home" to \"Foreign". Analyze, report, and explain how migration of these 3 workers affects the income of ve different groups of people: (a) Workers who were originally in \"Foreign". (b) Landowners in \"Foreign\". (c) Workers who stay in \"Home\". (d) Landowners in \"Home\". (e) The workers who migrate

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