Question: Explain in detail with steps I will rate immediately 3. Suppose when Japan opens to trade, it imports tice, a labor intensive good 2. According

Explain in detail with steps

I will rate immediately

3. Suppose when Japan opens to trade, it imports tice, a labor intensive good 2. According to the Hecksches-Olin theorem, as Japan capital-abundant or labor-abundant? Briefly explain your answer. b. What is the impact of opening trade on the real in Japan? Bretly explain your we c. What is the impact of opening trade on the real rental price of capital in Japan? Briefly explain your answer d. Which group (capital owner or labores assunung that they are strictly self-interested, would support policies to limit free trade in goods and services Beef explain your

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