Decide the effect of trade on the real returns on dry land
Decide the effect of trade on the real returns on dry land and wetland (call nominal returns RD and RW). Hint: how do changes in LC and LR affect the marginal product of land?
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a small open economy uses a mobile factor labor and two specific factors dry land d and wetland w to produce two goods
decide the effect of trade on the real returns on dry land and wetland call nominal returns rd and rw hint how do
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