MICROECONOMICS
MICROECONOMICS
5th Edition
ISBN: 9781319395018
Author: KRUGMAN
Publisher: MAC HIGHER
Question
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Chapter 8, Problem 4P
To determine

To discuss:

Between shoes and satellites, which good will China import from or export to the United States and the changes in labor price and capital price in the United States

Concept Introduction:

Heckscher-Ohlin model:

This was the theorem developed by a Swedish economist. According to this model, a country will intensively export the goods which use its abundant factors and goods with scare factors will be imported.

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