Suppose That Capital Is Mobile Between Sectors but That There

question 128

Essay

Suppose that capital is mobile between sectors but that there are two kinds of specific labor: skilled and unskilled. If skilled labor prefers autarky to free trade, what can you say about the number of skilled workers relative to the number of unskilled workers?

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Definitions:

Non-material Culture

The intangible aspects of a culture, such as beliefs, practices, norms, and values, that shape societal behavior.

Intangible

Unable to be touched or physically measured; not having physical presence.

Cultural Universals

Common cultural features found in all societies.

Interminling

The action of mixing or blending together different elements, groups, or substances.