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Suppose That Home Has 20% of the World's Capital, 10

Question 42

Essay

Suppose that Home has 20% of the world's capital, 10% of
the world's skilled labor, 30% of the world's unskilled
labor, and produces 20% of the world's GDP.What does
this information suggest about Home's resource
endowments? Explain your answer.

Correct Answer:

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It suggests that Home is abundant in uns...

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