Explain how the international movement of products

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Problem I. What are the effects of transportation costs on international trade patterns?

Problem II. Explain how the international movement of products and of factor inputs promotes an equalization of the factor prices among nations.

Problem III. How does the factor-endowment theory differ from Ricardian theory in explaining international trade patterns?

Problem IV. The factor-endowment theory demonstrates how trade affects the distribution of income within trading partners. Explain.

Reference no: EM133494790

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