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Unformatted text preview: (b)Suppose Canada’s endowments of land and capital are 10 capital and 100 land, and the U.S.’s are 50 capital and 100 land. Which good does each country export? (c)How does trade affect the returns to land, labor and capital in the U.S. and in Canada?...
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This note was uploaded on 09/01/2008 for the course ECON 335 taught by Professor Seck during the Spring '08 term at CSU Fullerton.
- Spring '08