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For analysing questions about North-South trade, i.e. trade between industrialised and less developed countries, are Ricardian models or Specic Factors models preferable? The answer should
For analysing questions about \North-South" trade, i.e. trade between industrialised and less developed countries, are Ricardian models or Specic Factors models preferable? The answer should elaborate on which properties (focus on two) of the two models are likely to be important for the analysis and end with a conclusion, three paragraphs should be enough.
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