Compare the basis for trade between the Ricardian model and the HeckscherOhlin model. a. List the main
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Compare the basis for trade between the Ricardian model and the Heckscher–Ohlin model.
a. List the main assumptions of each model.
b. How do the assumptions lead to differences in the pattern of trade between countries in each of the models?
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a In the Ricardian model the marginal products of labor are constant because production does not inc...View the full answer
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