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Consider the Heckscher-Ohlin model. Let the domestic economy be labour abundant and the foreign economy capital abundant. (5) a. Assume plague wipes out part of

Consider the Heckscher-Ohlin model. Let the domestic economy be labour abundant and the foreign economy capital abundant.

(5) a. Assume plague wipes out part of the domestic population. In the box diagram show the effect on the allocation of L to the domestic C sector. Assume initial prices of C and F are unchanged

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