Business, 10.01.2020 06:31 hi510hello

Consider the following data on the factor endowments of two countries, a and b: labor force (millions of workers) 45 20capital stock (thousands of machines) 15 10a. which country is relatively capital abundant? b. which country is relatively labor abundant? c. suppose that good s is capital intensive relative to good t. which country will have comparative advantage in the production of s? explain.

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Consider the following data on the factor endowments of two countries, a and b: labor force (millio...

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