International trade
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Question: Using the specific-factors model, explain why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.
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Solution Summary
The expert examines international trade specific factors. The response address the queries posted in 335 words with references.
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The response address the queries posted in 335 words with references.
//First of all, we will describe the 'Specific Factor Models'. Then as per the requirement, we will discuss the consequences of these models in the Economy. We will also discuss the arguments of the capital and labor owners for expanding the business in capital abundant Country.
Capital and labor are the two factors used in the specific factor models. The consequences of trade in an economy are demonstrated by this model. The capital is immobile and it is different between two ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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