Question: In what ways does the Heckscher-Ohlin theory represent an extension of the trade model presented in the previous chapters? What did classical economists say on
In what ways does the Heckscher-Ohlin theory represent an extension of the trade model presented in the previous chapters? What did classical economists say on these matters?
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The Heckscher Ohlin theory is an extension of the partial and general equilibrium theory of trade mo... View full answer
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