Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 11 Nov 2017 My Price 4.00

Heckscher-Ohlin theorem,

Suppose when Russia opens to trade, it imports automobiles, a capital-intensive good.

a. According to the Heckscher-Ohlin theorem, is Russia capital-abundant or laborabundant? Briefly explain.

b. What is the impact of opening trade on the real wage in Russia?

c. What is the impact of opening trade on the real rental on capital?

d. Which group (capital owner or labor) would support policies to limit free trade? Briefly explain.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Nov 2017 06:11 PM My Price 4.00

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