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In 1846, the British corn laws were abolished. Great Britain had abundant capital and labor but scarce land. Based on the Stolper-Samuelson theorem, explain who
In 1846, the British corn laws were abolished. Great Britain had abundant capital and labor but scarce land. Based on the Stolper-Samuelson theorem, explain who of the following three factors of production won and who lost:
a) Capital
b) Labor
c) Land
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