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Business, 15.04.2021 21:00 jdbell627

Assume that a country produces only cloth and rice. Cloth production requires significant amounts of labor and capital, but relatively less land. Assume that rice production requires relatively less labor and capital, but relatively large amounts of land. If there is an increase in the country's endowments of capital and labor, the Rybczynski theorem predicts that:

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Assume that a country produces only cloth and rice. Cloth production requires significant amounts of...

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