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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
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If 5000 units are sold and income increases by 20% with an income elastiticy of +2, what will the number of sales units be after the increase
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