# 10. Use the specific factor model to answer the following question. Suppose Country Z produces two...

###### Question:

10. Use the specific factor model to answer the following question. Suppose Country Z produces two goods: Wood and Manufactures. Labour is used as input for both goods. Forests are the specific factor used for wood production while capital is the specific factor used for manufactures production. Country X is a traditional exporter of Wood. The government decides to introduce a tariff on imports of manufactured goods, leading to a price increase for Manufactures. Draw a graph to show how this will affect production and wages. What do you think is the reaction of the forests owners to such a tariff?

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