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Answerof the questions below: 1. List assumptions of Hecksher-Ohlin Model. 2. What is opportunity Cost: explain by using one example. 3. Describe: consumers' surplus, autarky

Answerof the questions below:

1. List assumptions of Hecksher-Ohlin Model.

2. What is opportunity Cost: explain by using one example.

3. Describe: consumers' surplus, autarky prices, production function.

4. Explain what is meant by Constant Returns to Scale.

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