How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns?
The Heckscher-Ohlin theory demonstrates how trade affects the distribution of income within trading partners. Explain.
How does the Leontief paradox challenge the overall applicability of the factor-endowment model?
According to Staffan Linder, there are 3-explanations of international trade patterns one for produces and another for primary (agricultural) goods.