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In the heckscherohlin model, a decrease in the factors of production required to produce rice and beans would:
a. shift the production possibilities frontier for rice and beans outward
b. shift the production possibilities frontier for rice and beans upward
c. shift the production possibilities frontier for rice and beans rightward
d. shift the production possibilities frontier for rice and beans inward
This economics of scale exist for all of the following reasons except: a. bureaucratic inefficiencies b. management problems c. failures in information flows d. firm size is to
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