describe the long-run effects of the pandemic using the Heckscher-Ohlin model with a labour-intensive shoe-producing sector and a capital-intensive computer-producing sector. In this model both labour and capital can reallocate across sectors. (c) What happens to the output of shoes and to the output of computers? Does the structure of economic output become more capital-intensive or labour-intensive?
describe the long-run effects of the pandemic using the Heckscher-Ohlin model with a labour-intensive shoe-producing sector and a capital-intensive computer-producing sector. In this model both labour and capital can reallocate across sectors. (c) What happens to the output of shoes and to the output of computers? Does the structure of economic output become more capital-intensive or labour-intensive?
Chapter2: Using Economics To Study Health Issues
Section: Chapter Questions
Problem 4QAP
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describe the long-run effects of the pandemic using the Heckscher-Ohlin model with a labour-intensive shoe-producing sector and a capital-intensive computer-producing sector. In this model both labour and capital can reallocate across sectors.
(c) What happens to the output of shoes and to the output of computers? Does the structure of economic output become more capital-intensive or labour-intensive?
please answer correct asap plz
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