Explain carefully how Leontief went about testing the HO model. Why is this an incomplete test of
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Explain carefully how Leontief went about testing the HO model. Why is this an incomplete test of the model?
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Wassily Leontief tested the HeckscherOhlin HO model by analyzing the inputoutput tables of the United States economy in the 1940s He sought to investigate whether the observed trade patterns between t...View the full answer
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