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Consider the Heckscher-Ohlin model of trade with two countries, two goods, two factors of production (skilled and unskilled labor). Use a Lerner diagram to demonstrate
Consider the Heckscher-Ohlin model of trade with two countries, two goods, two factors of production (skilled and unskilled labor). Use a Lerner diagram to demonstrate the effects of an increase in an economy's endowment of unskilled labor, holding commodity prices constant. Explain your diagram
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