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4. (30 marks] Consider the Heckscher-Ohlin model discussed in class. You are given the following data on the factor endowments of the two countries, A

4. (30 marks] Consider the Heckscher-Ohlin model discussed in class. You are given the following data on the factor endowments of the two countries, A and B: Factor Endowments Labour Force (millions of 4-5 2 workers 0 of machines a] Which country is relatively capital abundant? Explain. b) Which country is relatively labour abundant? c] Suppose that steel is capital intensive relative to T-shirts. Which country will have a comparative advantage in the production of steel? Explain. (1) Which factor benets the most in country B under international trade? Why

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