100% 90 80 70 60 50 40 30 20 8 10 0 GDP Labor (population) "Effective labor (total wages paid) United Rest of States World Figure 1: Labor endowments and GDP levels, US versus Rest of the World, 1947, Source: Feenstra and Taylor, 5th Edition. 2. Spain is less productive than Germany in the vehicle parts industry. Hence Spain will import vehicle parts from Germany Indicate whether this statement is true, false, or uncertain. Briefly explain your answer. (10 points)