What will be the welfare effect of a decrease in land used

Assignment Help International Economics

Reference no: EM13199239

China and Japan have two factors of production, land and labor. Both countries produce two goods: corn, which requires more land and computers, which requries more labor. Given that China is abundant in land and Japan is abundant in labor, what will be the effect on the terms of trade an increase in Japan's labor supply? What will be the welfare effect of a decrease in land used for corn in China?

Reference no: EM13199239

Questions Cloud

State among ecuadorean rose workers are verified : Do you think governments in the developed world should place trade sanctions on Ecuador roses if reports of health issues among Ecuadorean rose workers are verified?

Use s for sale price and p for original price : Write a formula to express the following sentence: The sale price is 20% off the original price. Use S for sale price and P for original price to express S as a function of P.

True about demographic transition : Which of the following is true about demographic transition

What is the straight line distance : If Tom Bombadil's house is 16 miles east of Hobbiton and 12 miles south, what is the straight line distance (omit units)?

What will be the welfare effect of a decrease in land used : China and Japan have two factors of production, land and labor. Both countries produce two goods: corn, which requires more land and computers, which requries more labor. Given that China is abundant in land and Japan is abundant in labor.

Changing of the technologies involved in their art : What extent do the artists contribute to the shaping and changing of the technologies involved in their art? What is the relation between artistic styles and the technology used for the respective art? Why and give an example?

What is the natural length l of the spring : If 5 J of work are needed to stretch a spring from 10 cm to 11 cm and 7 J are needed to stretch it from 11 cm to 12 cm, what is the natural length L of the spring?

State level of bias and stereotypes : You have the ability to choose three or four books for your students. Based on what you have learned in this course, how can you assess the level of bias and stereotypes in the contents of these texts?

How much money can she withdraw each month : Sharon has just retired, and has 1000000 dollars in her retirement account. The account will earn interest at an annual rate of 6 percent, compounded monthly.

User Account

All Pages