Information about heckscher-ohlin theory

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Reference no: EM1370137

a) Explain what is meant in the Heckscher-Ohlin theory by

i) The relative factor intensity of a commodity,

ii) the relative factor abundance of a country.

b) How are these concepts used to explain the commodity composition of trade?

c) Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.

Reference no: EM1370137

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