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figure above. If cars are capital intensive and furniture is labor intensive, then according to the HO theory, then this country... (select all that apply).
figure above. If cars are capital intensive and furniture is labor intensive, then according to the HO theory, then this country... (select all that apply). HINT: this PPF is drawn so that it does NOT hug either axis. Use the graph to identify which good is imported and which good is exported. This will help you answer the question. Group of answer choices imports cars exports cars imports furniture exports furniture is capital abundant is labor abundant has a comparative advantage in cars has an absolute advantage in cars has a comparative advantage in furniture has an absolute advantage in furniture none of these
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