Question
(a)Using the specific-factors model, explain why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.
(a)Using the specific-factors model, explain why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country.(5 marks)[No need to show graph]
(b) Discuss the basis for trade and the pattern of trade according to Heckscher -Ohlin.(3 marks)
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The End Of Poverty Economic Possibilities For Our Time
Authors: Jeffrey D Sachs, Bono
1st Edition
0143036580, 9780143036586
