Asked by swan
Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good.
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain.
What is the impact of opening trade on the real wage in Russia? Briefly explain.
According to the Heckscher-Ohlin theorem, is Russia capital abundant or labor abundant? Briefly explain.
What is the impact of opening trade on the real wage in Russia? Briefly explain.
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