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Question: In the Heckscher-Ohlin model studied in the slides, suppose that K/L = K*/L* but preferences (as reflected in the relative demand RD) may be different between countries. Suppose that the home country has comparative advantages in food. In what country do consumers have stronger preferences for food?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92585749

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