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5.Assume there are two factors of production:natural resources and labor.Suppose North Korea denuclearizes, sanctions are lifted, and the country begins to trade more with the
5.Assume there are two factors of production:natural resources and labor.Suppose North Korea denuclearizes, sanctions are lifted, and the country begins to trade more with the rest of the world.North Korea begins to export only coal, a resource-intensive product.What factor of production is abundant in North Korea according to the Heckscher-Ohlin theory?
a.Natural resources ---
b.Labor
c.Both natural resources and labor
d.Human capital
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