Why does the price of land go up

Reference no: EM13177522

Greece has few workers per unit of land while France has many workers per unit of land. Steel is labor intensive and rice is land intensive. According to the long run Heckscher-Ohlin model what happens when these two countries move frome no trade to free trade? Wages in France's rice industry? Wages in France's steel industry? The price of land use in Frances steel industry? Why does the price of land go up?

Reference no: EM13177522

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