Blog

5.2.2 Ngubani lo Baba imbongi ekhuluma ngaye? (1)

ISAMBA: [14]

4.7 Ashiwo ubani lamazwi? Khetha impendulo efanele. “limnandi iphunga baba!”  (1)

5.1.6 Tomula isabizwana soqobo kulo musho olandelayo. Isikhathi sona siyadingeka ukuze uphumule. (2)

3.2 Lomlisa ubhekane nayiphi inkinga?  (1)

8.1 Tomula ibizo elingabonakali atholakala kulo musho. “UZanele uyisimangaliso empilweni wami kusho ugogo uMaDlamini ” (2)

1.9 Kuyingozi ngani ukungalandeli imiyalo kadokotela? (1)

Consider trade between two countries that have the following unit labor requirements for the production of cheese and wine:         Home                                       Foreign         ac= 10                                       ac*= 6         aw= 1                                         aw*= 2         L = 200                                     L* = 120 a) Which country has an absolute advantage in cheese/wine and which country has a comparative advantage in cheese/wine? What are the relative prices of cheese at Home and in Foreign assuming they are in autarky (closed economies)? b)  If consumer preferences are given by U( xc , xf ) = xc2/3xf1/3 , find the equation for the relative demand curve. Use this to find the free trade price if both countries engage in free trade. Would both countries gain from trade?

3.3 Tomula umusho ongenza umuntu wesilisa azizwe enjengesicebi. (2)

In the Heckscher-Ohlin (H-O) model, a move from autarky to free trade in the land abundant country will lead to a(n) __________ the wage of workers and a(n) __________ in the rental of land.