Chapter 6 TRADE AND LOCAL INCOME DISTRIBUTION: THE ...
Chapter 6 TRADE AND LOCAL INCOME DISTRIBUTION: THE ...
Chapter 6 TRADE AND LOCAL INCOME DISTRIBUTION: THE ...
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There is no capital, but five types of labor, which are not entirely specific but not<br />
completely mobile either: labor of type A can work in sectors one or two, labor of<br />
type B in sectors two or three, and so forth.<br />
(c) What happens to the wage of labor A and that of labor B if p2 rises?<br />
(Hint: If the wage rate in B goes up what must happen to the wage rate in<br />
C, etc.?)<br />
What happens to the wage of labor C? Labor D?
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