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Which of the following statements regarding the heckscher-ohlin model and Ricardian trade theory is TRUE?
a. Both the Heckscher-Ohlin and Ricardian models are current, relevant, and applicable in explaining world trade patterns
b. The Ricardian model is an excellent simplified introduction to world trade patterns, but the Heckscher-Ohlin model is more relevant in regards to explaining empirical evidence
c. The Ricardian model is useless in explaining trade patterns, and the H-O theory, though applicable, is not sufficient for explaining real world trade patterns
d. The Ricardian model is extremely useful in analyzing trade patterns, but the H-O model is only useful in theoretical applications.
Differentiate between Actual and Potential output. Actual output is that level which economy in fact produces. In contrast, potential output is the aggregate capacity output o
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can you tell me how this works, i am struggling to write my report in economics and i would like to know how much does it cost some help
An investment promised a payoff of $195 two and a half years from today. At a discount rate of 75% per year what is the present value of this investment? A. 169.47 B. Not enoug
Stan Garner resides in Illinois and promotes boxing matches for Super sports, INC. an Illinois corporation. Garner created the connect of "ages" promotion- a three fight series of
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