Consider the following data on some of Japan’s exports and imports in 2009,

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QUESTION:

Consider the following data on some of Japan’s exports and imports in 2009, measured in billions of U.S. dollars:

Product

Japanese Exports

Japanese Imports

Food (0)

3.3

47.3

Metal ores (28)

4.7

22.3

Crude petroleum products (333)

0.0

80.0

Pharmaceuticals (54)

4.1

14.2

Soaps and cleaners (554)

0.8

0.6

Iron and steel (67)

31.1

5.3

Automobiles (7812)

62.1

4.6

Aircraft (792)

2.5

4.9

Clothing and accessories (84)

0.5

25.6

Shoes and other footwear (85)

0.1

4.4

Medical instruments (872)

2.2

4.2

For which of these products do Japan’s exports and imports appear to be consistent with the predictions of the Heckscher-Ohlin theory? Which appear to be inconsistent?


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