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Please fully explain Select one: a. an increase in the relative output of Cheese - b. an inflow of labour into Cheese industry - c.
Please fully explain
Select one: a. an increase in the relative output of Cheese - b. an inflow of labour into Cheese industry - c. an increase in the reward to labour 9 d. an increase in the reward to capital In the Heckscher-Ohlin model we have two goods produced: wine and cheese with the use of labour and capital. Production of Cheese is relatively capitalintensive. In this case, an increase in the relative price of wine will causeStep by Step Solution
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