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3. Given the following table detailing labor and capital use in a particular country, Exports Imports Capital ($ million) $3.55 $5 Labor (person-years) 192

    3.  Given the following table detailing labor and capital use in a particular country,
     ExportsImports
    Capital ($ million)$3.55$5
    Labor (person-years)192160
    Capital/Labor ($/person)  

    a.  Under what condition would the H-O Theory be true? Why?

    b.  Under what condition would we have a Leontief paradox? Why?

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a The HeckscherOhlin HO Theory states that countries will specialize in and export goods that intensively use factors of production that they have in ... blur-text-image

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