克鲁格曼国际经济学答案解析.pdf

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WORD 格式 -可编辑 Chapter 3 1. In 1986, the price of oil on world markets dropped sharply. Since the United States is an oil-importing country, this was widely regarded as good for the U.S. economy. Yet in Texas and Louisiana 1986 was a year of economic decline. Why? It can deduce that Texas and Louisiana are oil-producing states of United States. So when the price of oil on world markets declined, the real wage of this industry fell in terms of other goods. This might be the reason of economic decline in these two states in 1986. 2。An economy can produce good 1 using labor and capital and good 2 using labor and land. The total supply of labor is 100 units. Given the supply of capital, the outputs of the two goods depends on labor input as follows: To analyze the economy’s production possibility frontier, consider how the output mix changes as labor is shifted between the two sectors. a. Graph the production functions for good 1 and good 2. Q Q (K , L ) Q Q (K , L ) 1 1 1 1 2 2 2 2 Production Function for Good 1 Output 100 100 90 87.4 93.9 80 80.7 70 73.6 66 60 57.5 50 48.6 40 38.1

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