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Homework answers / question archive / from the following information calculate the total input share of labor and capital of each dollar of cloth output
from the following information calculate the total input share of labor and capital of each dollar of cloth output. cloth is the only product this country exports. the total imput share of labor in producing $1.00 of import substitutes in this country $0.55 and the total imput share of capital is $0.45. Is this trade pattern consistent with the fact that this country is relatively labor abundant and capital scarce?
