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Compare the basis for trade between the Ricardian model and Heckscher-Ohlin model . a) List the main assumptions of each model. b) How do the

Compare the basis for trade between the Ricardian model and Heckscher-Ohlin model.

a) List the main assumptions of each model.

b) How do the assumptions lead to differences in the pattern of trade between countries in

each of the models? Explain.

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