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5. (10 pts.) The world consists of two countries, North (N) and South (S), and these countries bot have log-utility: U(C) = In(C). (a) (5 pts.) Assume the two countries have the same endowments in both periods: YN = Y$ and Y.N = Y. However, North has a higher discount factor than South (BN > 89). Which of the following is true about equilibrium saving under autarky (circle one)? By BE (b) (5 pts.) Suppose both countries have identical preferences and the same discount factor. However, North has a larger endowment than South so that YN = 27, and Y.N = 2Y.. Which of the following is true about the equilibrium interest rate under autarky (circle one)? 5. (10 pts.) The world consists of two countries, North (N) and South (S), and these countries bot have log-utility: U(C) = In(C). (a) (5 pts.) Assume the two countries have the same endowments in both periods: YN = Y$ and Y.N = Y. However, North has a higher discount factor than South (BN > 89). Which of the following is true about equilibrium saving under autarky (circle one)? By BE (b) (5 pts.) Suppose both countries have identical preferences and the same discount factor. However, North has a larger endowment than South so that YN = 27, and Y.N = 2Y.. Which of the following is true about the equilibrium interest rate under autarky (circle one)

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