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HECKSCHER-OHLIN MODEL: With a population density of roughly 16 people per square km, Chad is scarce in labor relative to land compared to the rest
HECKSCHER-OHLIN MODEL: With a population density of roughly 16 people per square km, Chad is scarce in labor relative to land compared to the rest of the world (ROW). Textile production relatively intensively uses labor to land compared to growing food. All countries have the same technology and relative demand. Under free trade, Chad has comparative advantage in
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
