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Wage-rental ratio
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Wage-rental ratio
The ratio of the wage of labor to the rental price of either capital or land, whichever is the other factor in a two-factor Heckscher-Ohlin model. The ratio plays a critical role in this model since it determines the ratios of factors employed in both industries. Found op http://www-personal.umich.edu/~alandear/glossary/w.html
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