Question: please answer fully Answer parts a., b., c., d., e and f. of this question using the information provided below. Note: This is a continuation
please answer fully

Answer parts a., b., c., d., e and f. of this question using the information provided below. Note: This is a continuation of the previous question. Consider a multi-country, two good Ricardian model. Suppose that there are 3 countries in the world, A, B and C, and only two goods, X and Y. The unit labor requirements for the three countries are given below: 5 530 Country Unit Labor Requirements Unit Labor Requirements in X Total Labor Supply in Y A 2 3 1200 B 5 10 1000 C 3 900 f. Using the unit labor requirements from the table and the post-trade equilibrium relative price from e., show that Country A will gain from trade relative to autarky. (3 points)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
