What kind of products might belgium export to france

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Reference no: EM132177962

Question: 1. Explain the difference between the price and the physical definitions of factor abundance. When could they give conflicting answers about which factor is the abundant factor?

2. If the K/land ratio for Belgium is higher than that for France, what kind of products might Belgium export to France? Why?

3. Suppose that the K/L ratio is higher in France than in Spain. What would you expect to happen to wages in France as trade took place between the two countries? Why?

Reference no: EM132177962

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