原创力文档- 1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
- 2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
- 4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
- 5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
- 6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
- 7、VIP文档为合作方或网友上传，每下载1次， 网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档
查看更多
3
Gains and Losses from Trade
in the Specific-Factors Model
1. Why is the specific-factors model referred to as a short-run model?
Answer: It is a short-run model because land and capital are specific to a particular
sector and only labor is mobile between the sectors.
2. Figure 3-7 presents wages in the manufacturing and services sectors for the period
1973 to 2009. Is the difference in wages across sectors consistent with either the
Ricardian model studied in Chapter 2 or the specific-factors model? Explain why or
why not.
Answer: The difference in wages across the sectors implies that the theoretical as-
sumption of equalized earnings between the different industries is a simplification of
the Ricardian and specific-factors models.
3. In the gains from trade diagram (Figure 3-3), suppose that instead of having a rise in
the relative price of manufactures, there is a fall in that relative price.
a. Starting at the autarky point A in Figure 3-3, show what would happen to pro-
duction and consumption.
Answer: U2
A
Q
,
e
r
u
t
l
u
c
i
r
g
a
f
o
t
u
p
t
u B
O
C
A
U1
Output of manufacturing, QM
文档评论（0）