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For the theory of comparative advantage to function in a world with two countries and two commodities, it requires a specific condition regarding the mobility
For the theory of comparative advantage to function in a world with two countries and two commodities, it requires a specific condition regarding the mobility of labor and capital. Which of the following options satisfies this condition?
Labor and capital are mobile.
Labor is mobile, but capital is not
Both labor and capital are mobile.
Neither labor nor capital is mobile.
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
