The factor proportions model assumes that the residents of the two nations have different tastes for the two goods.
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Q2: _ is the revenue received by the
Q3: Canada has 5,000 labor units and 2,500
Q4: Computers are relatively capital intensive in their
Q5: Computers are relatively capital intensive in their
Q6: Germany, a relatively capital abundant nation, has
Q7: Watches are relatively capital intensive in their
Q8: Switzerland produces both watches and chocolate. Watches
Q9: Switzerland exports watches to Russia. Watches are
Q10: A production strategy in which one organization
Q11: A strategy in which one organization hires
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