Protection on imports will have on factor prices

Reference no: EM1336347

The Stolper-Samuelson Model

International economics problem question, (not a real world research question, just a plain, brief "answer with diagrams" question) involving diagrams.

I require at least 2 models (diagrams) that show the effect that reducing protection on imports will have on factor prices? Note: the factor prices can be "labour" and the "rental rate on capital".

The models are in the context of the Heckscher-Ohlin world, they can be the Specific Factors model and the Stolper-Samuelson, or other possible models but I just need to see the actual diagrams that show the effect of reducing protection will have on factor prices.

Reference no: EM1336347

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