According to the Stolper-Samuelson theorem, if a country opens up to trade and starts to export a
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According to the Stolper-Samuelson theorem, if a country opens up to trade and starts to export a product made relatively intensively with labor, does the labor intensity of production of that relatively labor-intensive product rise, fall or stay the same in that country? What happens to the labor intensity of production of the other product, which is made relatively intensively with capital? Why?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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