The assumption (in the HO model) that the technology sets available to both the countries are identical

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The assumption (in the HO model) that the technology sets available to both the countries are identical implies that if factor prices are identical in the two countries, then exactly the same production processes for any given industry will be employed in both. True or false? Explain.

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International Economics

ISBN: 9780321783868

9th Edition

Authors: Steven Husted , Michael Melvin

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