Question: At constant prices, an increase in the labour force will increase output in one undustry and lower output in the other industry and consequentily lower

At constant prices, an increase in the labour force will increase output in one undustry and lower output in the other industry and consequentily lower wages in both industries. use an appropriate trade model to respond to this assertion.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

I need help understand the argument of this paper. I'm not seeing the connection between globalization and us Prison growth as the total would suggest, and this could be because I don't entirely...

Choose the correct Answer 1, Economics is the study of How society manages its unlimited resources How to reduce our wants until we are satisfied How society manages its scarce resources How to fully...

Flag this Question Question 1 1.5 pts Consider a bakery that buys flour to bake cakes. Which of the following statements is true? Group of answer choices Only the value of the flour used to make the...

*- 'nll-' uni-I'v- 'p---uI--'II Reread pp. 247253 in the Browning and Zupan reading on long run supply and m Consider a highly competitive market where the firms all face the same costs. They start...

THE LONE-RUN INDUSTWV SUPPLVCLIHVE 247 that Mensa has some especially productive input that Densa does not have. For example. suppose that Mensa and Densa both purchase ofce space to begin their...

1. In the short run, a tool manufacturer has a fixed amount of capital. Labor is a variable input. The cost and output structure that the firm faces is depicted in the following table. Labor Total...

Question 1(Multiple Choice Worth 1 points) (02.06 MC) Suppose Country 'X' is producing an output of 300 units of a certain good at $3 per unit in 2017. With time, the price level rises from $3 per...

HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...

I have asked three questions with my textbook chapter in which they come from. it would be greatly appreciated if you could help me answer these three questions. Thanks so much. :) 1. What is the...

A balance sheet shows: A: the assets, liabilities, and owner's equity of a particular business. B: a business's profit. C:all costs incurred over a period of time. D: a business's activities over a...

We saw in Problem 4.20 that cis-decalin is less stable than trans-decalin. Assume that the 1, 3-diaxial interactions in trans-decalin are similar to those m axial methylcyclohexane [that is, one CH2H...

The following 6 months of data were collected on electricity cost and the number of machine hours in a factory. Refer to Figure 3-13. A dependent variable value used in calculating the cost line...

What is a main factor that will affect the availability of the Web application? Deploying web application on VM Rolling updated space processing for application Web server goes down Server using...

Once a manufacturing process is approved by the FDA, it cannot be further optimized or changed. true / false

2. Take a familiar problem as your starting point. What are the main elements of the problem? Discuss whether you all agree on the choice of main elements.

2. In this chapter, the reader should reflect on the following concepts: Context, winwin, win-lose, ambiguity, mental model, point of reference.

2. In this chapter, the reader should reflect on the following concepts: Patterns, symmetrical relationships, complementary relationships.