Shoes are labour-intensive and satellites are capital-intensive to produce. Canada has abundant capital. China has abundant labour.
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Shoes are labour-intensive and satellites are capital-intensive to produce. Canada has abundant capital. China has abundant labour. According to the Heckscher–Ohlin model, which good will China export? Which good will Canada export? In Canada, what will happen to the price of labour (the wage) and to the price of capital?
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The heckscherOhlin model predicts that a country will have a comparative advantage in the good ...View the full answer
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Related Book For 
Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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