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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Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

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