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1) Which of the following is not an example of a capital rich nation? A. Canada B. Germany C. India D. Italy 2) Assume that
1) Which of the following is not an example of a capital rich nation?
A. | Canada | |
B. | Germany | |
C. | India | |
D. | Italy |
2)
Assume that Country A is relatively abundant in capital and relatively scarce in land. According to the factor endowment theory, with free trade, the internal distribution of income in Country A will change in favor of:
A. | capital | |
B. | land | |
C. | both capital and land | |
D. | neither capital nor land |
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