Question: Consider a framework with two countries, two goods, and two input factors (labour and capital), the table shows the share of effective labour and share
Consider a framework with two countries, two goods, and two input factors (labour and capital), the table shows the share of effective labour and share of GDP for these two countries. Share of world effective labour Share of world GDP Country A 55% 70% Country B 45% 30% Which one of the following is correct? Group of answer choices Country B exports the labour-intensive good at the trade equilibrium. Country A has a larger population Country A is labour abundant. Country B has better technology
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