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### Transcript of International Economics Homework Help

• 1. 1. Consider a Ricardian model with a continuum of goods, indexed by z [0, +), and two countries, indexed by i = N, S, each endowed with Lc units of labor. wi denotes the wage in each country. Constant unit labor requirements in country c and industry z are given by: ai (z) = ieiz , where S > N > 0 and S > N > 0. Hence North ( N) has an absolute advantage in all goods and a comparative advantage in high-z goods. Households have identical Cobb-Douglas preferences in both countries: + Ui = ln ci (z) dz. 0 (a) Solve implicitly for the relative wage, wN /wS , and the cut-o good, z. Solution: Note that this problem is inspired by Krugman (1986) A Tech aS (z) nology GapModel of International Trade. We denote A (z) aN (z) , which is a increasing and continuous function of z. From the production side of the economy, we know that p (z) = min {aN (z) wN , aS (z) wS} Furthermore, given the functional form, there exists a marginal good z R+ , the switching point in the chain of comparative advantage, such that North will produce only the goods z z and South will produce only the goods z zz. must satisfy in equilibrium: S e(S N )z = wN /wS N Our online Tutors are available 24*7 to provide Help with International Economics Homework/Assignment or a long term Graduate/Undergraduate International Economics Project. Our Tutors being experienced and proficient in International Economics sensure to provide high quality International Economics Homework Help. Upload your International Economics Assignment at Submit Your Assignment button or email it to info@assignmentpedia.com. You can use our Live Chat option to schedule an Online Tutoring session with our International Economics Tutors. http://www.assignmentpedia.com/economics-homework-assignment-help.html For further details, visit http://www.assignmentpedia.com/ or email us at info@assignmentpedia.com or call us on +1-520-8371215