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April 9, 2021

Factor-Endowment

General Questions

Factor-Endowment Trade theory

<pclass=”msonormal” style=”box-sizing: border-box; font-family: Roboto, sans-serif; font-size: 16px; background-color: rgb(255, 255, 255);”>The factor-endowment theory suggests you should trade in the products that you can make from the production factors and resources you naturally possess.</pclass=”msonormal”>

Depending on the country in which you live, identify in what your country should trade and what your country should import.

<pclass=”msonormal” style=”box-sizing: border-box; font-family: Roboto, sans-serif; font-size: 16px; background-color: rgb(255, 255, 255);”></pclass=”msonormal”>

Explain your answer in as much detail as possible.

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