Achieve for Economics (1-Term Online)
5th Edition
ISBN: 9781319372040
Author: KRUGMAN, Paul
Publisher: Macmillan Higher Education
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Question
Chapter 8, Problem 4P
To determine
Which good will china, US, export according to Heckscher-Ohlin model and what will happen to the price of labor.
Concept Introduction:
Heckscher-Ohlin Model: The Heckscher-Ohlin Model states that a country exports the goods which are produced with the use of factors that are abundantly available within the country and imports the goods which are produced with the use of factors that are scarce in the country.
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Achieve for Economics (1-Term Online)
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