Multiple Choice
The United States can be characterized as relatively capital abundant and labor scarce.Thus,according to the H-O model,
A) social welfare in the United States will be reduced by trade.
B) wages in the United States will be reduced by trade.
C) the return on capital in the United States will be reduced by trade.
D) capital-labor ratios in will be changed by trade.
Correct Answer:
Verified
Correct Answer:
Verified
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