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Business, 20.12.2019 06:31 kellynadine02

Which of the following statements is true?
a) the heckscher-ohlin model offers a reasonable explanation of the pattern of trade and the gains from trade.
b) the heckscher-ohlin trade model does not offer an explanation of the pattern of trade.
c) the heckscher-ohlin trade model does not offer an explanation of the gains from trade.
d) the ricardian trade model (with labor as the only input) offers a better explanation of the pattern of trade and the gains from trade than the heckscher-ohlin model.

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Which of the following statements is true?
a) the heckscher-ohlin model offers a reasonable e...
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