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Demonstrate the theory of comparative advantage

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Reference no: EM132649372

Question 1

(a) Demonstrate the theory of comparative advantage in the Heckscher-Olin (HO) theory of international trade.

(b) Illustrate the two (2) implications on a) factor price equalization and b) income distribution from the Heckscher-Ohlin (HO) theorem.

(c) Do transport costs and technology (product cycle) matter in international trade?

Reference no: EM132649372

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