-Refer to above figure.If trade were to open up between P and R,where would the world terms of trade locate in the figure above (somewhere on the PC/PF axis)? Would relative wages (w/r)in the two countries become equal? Is this consistent with the Heckscher-Ohlin model? Explain.
Definitions:
Sit-Ups
An exercise involving the raising of the torso from a lying position to a sitting position and back down, intended to strengthen abdominal muscles.
Biceps Curls
An exercise that targets the biceps muscles by curling a weight towards the shoulders, commonly performed with dumbbells or barbells.
Multiple-Joint Exercise
Exercises that involve more than one joint and muscle group simultaneously, such as squats and bench presses.
Squat
A strength exercise where the individual lowers their hips from a standing position and then stands back up, targeting the lower body muscles.
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