Should economists discard the Heckscher-Ohlin theorem as a practical explanation of trade patterns and search for other

Question:

Should economists discard the Heckscher-Ohlin theorem as a practical explanation of trade patterns and search for other theories of trade? Or should they seek better ways of testing Heckscher-Ohlin? Explain.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

Question Posted: