Consider the following data on some of Japans exports and imports in 2012, measured in billions of
Question:
Consider the following data on some of Japan’s exports and imports in 2012, measured in billions of U.S. dollars:
For which of these products do Japan’s exports and imports appear to be consistent with the predictions of the Heckscher–Ohlin theory? Which appear to be inconsistent?
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According to Figure 53 Japan is relatively abundant in physical capital highlyskilled labor and medi...View the full answer
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