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Economics

International Economy and Trade: The Answer to Heckscher-Ohlin Theory

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 two explanations of international trade patterns-one for manufacturers and another for primary (agricultural) goods.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9215605

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