// LabFactorSharesSpecs.swift. 11/27/2020.

import Foundation

class LabFactorSharesSpecs {

let strFactorSharesSpecs :String = """

`` Lab Specs


// Production function slider specs
.1 .9 .05 .4 		// 0: Alpha
0 5.0 .2 1.6		// 1: Elasticity of substitution

// Graph parameters
0 0 150 150		// 2: Data range: x0 y0 x1 y1

`` Prob Specs

` Problem 0 Start
Screen 1 - Elasticity of Substitution, Industrialization, and Factor Shares	// 0: Title

// Utility specs slider visibility
L L		// 1: Alphas, Elasticity of Substitution

1.0		// 2: Initial Elasticity of Substitution

` Text Start    // 3: Text
`RED`BLDObjective:`BLD Show that industrialization (that is, an increase in the capital-labor ratio) does not affect labor's or capital's share when the elasticity of substitution equals 1.0.`BLK

`BLDQuestion:`BLD Initially, what do labor's and capital's shares equal?

Note that the elasticity of substitution equals 1.0. Move the point on the isoquant to the left by sliding the scrollbar beneath the graph to the left. 
	`0x2022 Does the capital-labor ratio increase or decrease?
	`0x2022 Does the labor's share increase, decrease, or remain the same?  
` Prob End

` Problem 1 Start
Screen 2 - Elasticity of Substitution, Industrialization, and Factor Shares	// 0: Title

// Utility specs slider visibility
L L		// 1: Alphas, Elasticity of Substitution

0.6		// 2: Initial Elasticity of Substitution

` Text Start    // 3: Text
`RED`BLDObjective:`BLD Show that industrialization increases labor's share when the elasticity of substitution is less than 1.0.`BLK

Note that the elasticity of substitution is 0.6. Move the point on the isoquant to the left by sliding the scrollbar beneath the graph to the left. 
	`0x2022 Does the capital-labor ratio increase or decrease?
	`0x2022 Does the labor's share increase, decrease, or remain the same?
` Prob End

` Problem 2 Start
Screen 3 - Elasticity of Substitution, Industrialization, and Factor Shares	// 0: Title

// Utility specs slider visibility
L L		// 1: Alphas, Elasticity of Substitution

1.4		// 2: Initial Elasticity of Substitution

` Text Start    // 3: Text
`RED`BLDObjective:`BLD Show that industrialization decreases labor's share when the elasticity of substitution is greater than 1.0.`BLK

Note that the elasticity of substitution is 1.4. Move the point on the isoquant to the left by sliding the scrollbar beneath the graph to the left. 
	`0x2022 Does the capital-labor ratio increase or decrease?
	`0x2022 Does the labor's share increase, decrease, or remain the same?
` Prob End

"""

}