Question: For countries F and H , using the wolf gram outputs below, show how the change in labor ( the migration of 1 0 0
For countries F and H using the wolf gram outputs below, show how the change in labor the migration of workers from F to H affects the PPF and freetrade equilibrium? How does this affect the free trade prices, exports, and imports? For Home, how does it affect wages and the return for specific factors? Show this in Home's labor allocation diagram.
starting output AH AH KH TH LH MVH LH LH QH QH CH CH WH RKH RTH PH PH AF AF KF TF LF MVF LF LF QF QF CF CF WF RKF RTF PF PF ER
After change in labor, an increase of works migrating to H from FAH AH KH TH LH MVH LH LH QH QH CH CH WH RKH RTH PH PH AF AF KF TF LF MVF LF LF QF QF CF CF WF RKF RTF PF PF ER
Key: L is labor, Q is production quantity, C is consumption, and help clarify which good.For countries F and H using the wolf gram outputs below, show how the change in labor the migration of workers from F to H affects the PPF and freetrade equilibrium? How does this affect the free trade prices, exports, and imports? For Home, how does it affect wages and the return for specific factors? Show this in Home's labor allocation diagram.
starting output AH AH KH TH LH MVH LH LH QH QH CH CH WH RKH RTH PH PH AF AF KF TF LF MVF LF LF QF QF CF CF WF RKF RTF PF PF ER
After change in labor, an increase of works migrating to H from FAH AH KH TH LH MVH LH LH QH QH CH CH WH RKH RTH PH PH AF AF KF TF LF MVF LF LF QF QF CF CF WF RKF RTF PF
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