Business
Business, 24.12.2021 07:50, chalowiee1570

Haiti produces two kinds of goods: advanced goods and basic goods. In Haiti, advanced capital is only used to produce advanced goods; basic capital is only used to produce basic goods. Labor in Haiti can be used to produce both advanced goods and basic goods; that is, in Haiti, labor freely moves between producing advanced goods and basic goods. Suppose a substantial proportion of the advanced capital leaves Haiti for the United States. Required:
Analyze the effects of this loss of advanced capital on Haiti.

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Haiti produces two kinds of goods: advanced goods and basic goods. In Haiti, advanced capital is onl...

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