Illustrate what this imply about alfa own factor endowment


Analyzing the factor endowment of a country.

When trade begins, country ALFA imports cloth, the labor intensive commodity. Illustrate what this imply about ALFA's own factor endowment? Why? Assuming that there are only two goods, and the other good (food) is capital intensive, show the equilibrium points of production and consumption in ALFA, before and after trade.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Illustrate what this imply about alfa own factor endowment
Reference No:- TGS019620

Expected delivery within 24 Hours