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According to the Heckscher-Ohlin model, where does comparative advantage come from? Describe what factor price equalization means and how it happens. Let's explore the Stolper-Samuelson
According to the Heckscher-Ohlin model, where does comparative advantage come from? Describe what "factor price equalization" means and how it happens. Let's explore the Stolper-Samuelson theory a bit more. What factor does America have in abundance? What factor does China have in abundance? Who wins and who loses in America, then tell me what impact that has on inequality. Wins - Loses - Inequality - What about China? (First, tell me who wins and who loses, then tell me what impact that has on inequality) Wins - Loses - Inequality
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