In the H-O model Export Biased growth will tend to have what effect on a nations terms

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In the H-O model “Export Biased” growth will tend to have what effect on a nation’s terms of trade? Positive Negative With the opening of trade we would expect that the relatively abundant factor of production would earn

1. An increased relative return
2. A decreased relative return
3. Uncertain

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Management Science The Art of Modeling with Spreadsheets

ISBN: 978-1118582695

4th edition

Authors: Stephen G. Powell, Kenneth R. Baker

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Posted Date: Jun 22, 2022 11:48 AM

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In the H-O model Export Biased growth will tend to have what effect on a nations terms

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2 A decreased relative return In the HO model export biased growth will tend ... View the full answer

Management Science The Art of Modeling with Spreadsheets

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