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Question 1 In the HeckscherOhlin theory (HOT), we assume identical tastes in nations. Suppose that nation 1 is labour abundant and nation 2 is capital

Question 1 In the HeckscherOhlin theory (HOT), we assume identical tastes in nations. Suppose that nation 1 is labour abundant and nation 2 is capital abundant. Good X is labour-intensive and good Y is capital-intensive in both countries

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