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What are the determinants of comparative advantages

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What are the determinants of comparative advantages in the Ricardian and the Heckscher-Ohlin models. Compare the two models and explain: (draw graphs; LABEL THEM)

a. Why does trade induce complete specialization in one model, whereas incomplete specialization occurs in the other?

b. What role do tastes play in these models?

Reference no: EM132669256

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