Question: ( international finances and tread ) a) Explain how the Heckscher-Ohlin model trade between countries 05 Marks) b) In addition to differences in labor productivity,

( international finances and tread )

a) Explain how the Heckscher-Ohlin model trade between countries 05 Marks) b) In addition to differences in labor productivity, trade occurs due to differences in resource availability across countries. Using the Heckscher-Ohlin theory, consider the extent to which you agree with the statement. (15 Marks) c) What does the Stolper-Samuelson theorem explain? Evaluate the assumption that Stolper-Samuelson took into consideration in their theorem in your answer. (05 Marks)

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