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1. Describe in detail the main assumptions behind the H-O (Heckscher-Ohlin) model. 2. What is/are the assumption(s) of the H-O model in regards to demand?
1. Describe in detail the main assumptions behind the H-O (Heckscher-Ohlin) model.
2. What is/are the assumption(s) of the H-O model in regards to demand?
3. How does these deviate from the Classical School assumptions?
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