The Following Table Represents Autarkic and Free-Trade Production and Consumption

question 81

Not Answered

The following table represents autarkic and free-trade production and consumption and resource use for Suburbia. I. Is Surburbia a labor-abundant or a capital-abundant country? Explain your answer.
II. What is the price of good X in autarky? With free trade?
III. How many units of what product are exported? How many units of what product are imported?
IV. Has the marginal product of labor in good X production increased or decreased?
Explain your answer.
V. Has the marginal product of capital in good Y production increased or decreased?
Explain your answer.

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