Explanations of international trade patterns

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Reference no: EM1375376

As an international economist you have been tasked to make a short speech which answers the given questions:

Question1. How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns?
Question2. The Heckscher-Ohlin theory demonstrates how trade affects the distribution of income within trading partners. Explain.
Question3. How does the Leontief paradox challenge the overall applicability of the factor-endowment model?
Question4. According to Staffan Linder, there are two explanations of international trade patterns - one for manufacturers and another for primary (agricultural) goods. Explain.

Reference no: EM1375376

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