Question: Three countries (A;B and C) use Capital (K), Labour (L) and Land (T) to produce goods. The following table provides information on each countries share

  1. Three countries (A;B and C) use Capital (K), Labour (L) and Land (T) to produce goods. The following table provides information on each countries share of the world endowment of the factor as well as share of world GDP.

Country K L T GDP

  1. A 60 60 30.50
  2. B 20 3020.25
  3. C 20 10.50.25

Describe the types of goods that each country should export and import (capital- intensive, labour-intensive, etc.).

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