The kingdom of the north and the iron islands produce 2 good

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The Kingdom of the North and the Iron Islands produce 2 goods, swords (S) and fish (F). Assume that  ports (denoted by P) is a factor to the fish industry, and mines are a factor specific to swords (denoted  M). Furthermore, assume White Walker labor (L) is freely mobile across sectors.

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The volume of fish increases within the fish region, it makes the port to be expensive. The decrease of the swords also makes the labor within the region to go high.The land intensiveness suits very well in the grazing of cattle compared to farming wheat. Wheat farming needs a lot of labor and capital until it is being harvested.

Reference no: EM13334523

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