Let us assume that cloth-making (labor-intensive) and farming (land-intensive) are the only two sectors of production in a country. If this country is labor-abundant, and if trade corresponds to the Heckscher-Ohlin theory, which of the following groups will gain in the short-run, but lose in the longrun, from the opening of trade? a. Domestic landowners in the farming sectorb. Domestic landowners in the cloth-making sectorc. Foreign landowners in the farming sectord. Foreign workers in the cloth-making sectorExplain why the country would lose in the long run
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