What happens to the rentals on capital and land

Assignment Help International Economics

Reference no: EM131135063

Question 1:

In the short-run specific-factors model, consider a decrease in the stock of land. For example, suppose a natural disaster decreases the quantity of arable land used for planting crops.

a. Redraw panel (a) of Figure 5-11 starting from the initial equilibrium at point A.

Question 2:

What happens to the rentals on capital and land?

?Important these models could be applicable for problem. Specific factors model and box diagram. These models HAVE to be included Lmk

Attachment:- internationaltrade.zip

Reference no: EM131135063

Questions Cloud

The major developments in the evolution of mass media : What were the major developments in the evolution of mass media during the last century? How did each development influence American culture?

Placed mankind under the governance of two sovereign masters : 1. What does Bentham mean when he says that "nature has placed mankind under the governance of two sovereign masters"? (319.1, section 1)

What is the difference between e-business and e-commerce : What is the difference between e-business and e-commerce? How can a company be involved in e-business and not in e-commerce? How do the supply chain components differ between e-business and e-commerce? How does your company's supply chain support ..

What is the business model of zipcar : What is the business model of Zipcar? How has it changed from December 1999 to May 2000? - What do the data from September say about how the business model is playing out in practice?

What happens to the rentals on capital and land : In the short-run specific-factors model, consider a decrease in the stock of land. For example, suppose a natural disaster decreases the quantity of arable land used for planting crops.

What does mendel postulate of segregation state : What does Mendel's postulate of segregation state? What does Mendel's postulate of independent assortment state

How the theoretical frameworks shared in your venn diagram : Explain how the theoretical frameworks shared in your Venn diagram support cognitive development. Make sure to include at least one example to support your reasoning. Discuss which of the theoretical perspectives resonates with you the most, the le..

How is earth unique as compared to other planets : How is Earth unique as compared to other planets in our solar system? How is it similar? And finally, what geologic information might we obtain by visiting Mars or Venus that would be similar to what we see on Earth?

Illustrate the gains from trade between the two countries : Norway has a long coast that borders on the north Atlantic, making it relatively more productive in fishing. Sweden has a greater endowment of capital, making it relatively more productive in automobiles.

User Account

All Pages