Heckscher ohlin and ricardian theory

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Reference no: EM1375416

How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns?

The Heckscher-Ohlin theory demonstrates how trade affects the distribution of income within trading partners. Explain.

How does the Leontief paradox challenge the overall applicability of the factor-endowment model?

According to Staffan Linder, there are 3-explanations of international trade patterns one for produces and another for primary (agricultural) goods.

Reference no: EM1375416

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