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Q. |
According to physical criterion of the H-O theory of trade, a country is said to be relatively capital abundant if and only if |
A. | A country is having capital relatively cheap and labour relative costly |
B. | A country is endowed with a higher proportion of capital to labour than the other country |
C. | A country is having labour relatively cheap and capital relatively costly |
D. | A country is endowed with a higher proportion of labour to capital than the other country |
Answer» B. A country is endowed with a higher proportion of capital to labour than the other country |
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