Ricardian theory in explaining international trade patterns

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Reference no: EM13224737

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

2. The theory demonstrates how trade affects the distribution of income within trading partners. Explain.

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

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

Reference no: EM13224737

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