Question
You are about to travel to meet your partner country's Minister of trade, You want to know better how your factor abundance is determining your
You are about to travel to meet your partner country's Minister of trade, You want to know better how your factor abundance is determining your trade and the capital intensity in each industry.Is China relatively capital abundant compared to the US? Which industry is capital intensive? State the H-O theorem and then explain if your results are consistent with the H-O theorem?
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
