Question: 12 ) The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former A) has only two countries. B) has only

12) The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former

A) has only two countries.

B) has only two products.

C) has two factors of production.

D) has two production possibility frontiers (one for each country).

E) has varying wage rates.

Answer:

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