According to the Heckscher-Ohlin model, when trade opens: A. the scarce factor gains relative to the abundant
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According to the Heckscher-Ohlin model, when trade opens:
A. the scarce factor gains relative to the abundant factor in each country.
B. the abundant factor gains relative to the scarce factor in each country.
C. income is redistributed between countries but not within each country.
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B the abundant factor gains relative to the scarce factor in each country ...View the full answer
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Related Book For 
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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