Question: Please solve on paper if there is an equation Problem 3.4. Prove that in a country with higher labor productivity in the tradable goods sector.

 Please solve on paper if there is an equation Problem 3.4.

Please solve on paper if there is an equation

Prove that in a country with higher labor productivity in the tradable

Problem 3.4. Prove that in a country with higher labor productivity in the tradable goods sector. prices and wages are higherr that is: P _ (MPLT)1_a 9P2 ' MP1,; Remember that in a given economy, the price level is P = (PT)\"(P\"T)\"". the prices of tradable goods are the same worldwide PT a 9P5. and the wages are equal in every sector in a given country. equal to the marginal value of the labor product in that sector W = P :- MPL. Moreover, for the sake of simplicity: assume that labor productivity in the non-tradable goods sector is the same at home and abroad. Typo in problem 3.4 I've noticed a small but very crucial typo in Problem 3.4. I have already uploaded the updated problem set to Teams. Before solving the problem, please make sure that you are using the updated version. The change concerns the last sentence: Moreover, for the sake of simpticity, assume that tabor productivity in the mtrao'abte goods sector is the same at home and abroad

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