Canada has a labor force of 20,000,000 workers and 10,000,000 acres of arable land, while Lichtenstein has labor force of 40,000 people and 2,000 acres of arable land.
Is Canada labor-abundant? Is Canada land-abundant? (6
points)
If wheat is land-intensive and clocks are labor-intensive, what is the Heckscher-Ohlin prediction for the pattern of trade (which country exports which product) between Canada and Lichtenstein? (6 points)
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