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Author Question: Use the below mentioned table for the following question(s).Suppose that all goods are made with two ... (Read 384 times)

frankwu

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Use the below mentioned table for the following question(s).

Suppose that all goods are made with two factors—labor and capital. The table below shows the total endowments of each factor in the United States and Canada.

Table 4.1
  Endowment of Labor and Capital  



Based on Table 4.1, according to the Heckscher-Ohlin Theorem, U.S. exports should be goods that
◦ Not enough information to tell.
◦ intensively use labor input.
◦ use either labor or capital input, depending on the good.
◦ intensively use capital input.
◦ use capital and labor in about equal proportions.


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Marked as best answer by frankwu on Sep 7, 2020

cascooper22

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frankwu

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Reply 2 on: Sep 7, 2020
Great answer, keep it coming :)


parshano

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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