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Reference: Ref 4­9 (Table: Factor Use in Latvian Trade) According to the

Question 29

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  Reference: Ref 4­9 (Table: Factor Use in Latvian Trade)  According to the Heckscher­Ohlin model, Latvia's capital/labor ratios are Consistent with: A) Latvia being a capital­abundant country. B) Latvia being a labor­abundant country. C) Latvia being neither a capital­ nor labor­abundant country. D) Latvia being both a labor­ and capital­abundant country. Reference: Ref 4­9
(Table: Factor Use in Latvian Trade) According to the
Heckscher­Ohlin model, Latvia's capital/labor ratios are
Consistent with:


A) Latvia being a capital­abundant country.
B) Latvia being a labor­abundant country.
C) Latvia being neither a capital­ nor labor­abundant country.
D) Latvia being both a labor­ and capital­abundant country.

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