Assume a two-country, two-good, two-factor of production world with the countries being the United States and the
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Question:
Assume a two-country, two-good, two-factor of production world with the countries being the United States and the Rest of the World, the two goods being steel and wheat, and the two factors of production being capital and land. If the United States was capital-abundant and steel production was capital-intensive, the Heckscher-Ohlin model would predict that the Rest of the World would export __________ and import __________.
Group of answer choices
Steel; wheat
Wheat; steel
Steel; steel
Wheat; wheat
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Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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