Can we predict that change in real wages b 5 points

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Unformatted text preview: ding constant the price of timber. Can we predict that change in real wages? b. (5 points) What is the impact of opening trade on the rental rates for capital and land in Canada? Can we predict that change in the real rental rates for capital and land? c. (5 points) What is the impact of opening trade on the rental rates for capital and land in Mexico? Can we predict that change in the real rental rates for capital and land? d. (5 points) In each country, has the specific factor in the export industry gained or lost? Has the specific factor in the import industry gained or lost? 3. In the short-run specific factors model discussed in class, consider a decrease in...
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This document was uploaded on 01/18/2014.

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