How economies of large-scale production affect world trade

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Reference no: EM131899969

Problem

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

2. According to staffan Linder, there are two explanations of international trade patterns-one for manufactures and another for primary (agricultural) goods. Explain.

3. Do recent world-trade statistics support or refute the notion of a product life cycle for manufactured goods?

4. How can economies of large-scale production affect world trade patterns?

Reference no: EM131899969

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