How does the offshoring model differ from the type of trade analyzed with the Ricardian and Heckscher-Ohlin trade models? There is no difference, since the offshoring, Ricardian, and Heckscher-Ohlin trade models can be used to analyze offshoring. The Ricardian and Heckscher-Ohlin trade models can only analyze trade in finished products. The Heckscher-Ohlin model can be used to analyze offshoring, while the Ricardian model only analyzes trade in finished products The Ricardian model can be used to analyze offshoring, while the Heckscher-Ohlin model only analyzes trade in finished products. Figure: A Firm's Production with and Without Offshoring 1 R&D production 100 Line B Line 60 120 140 200 Component production If this firm offshores its component production and exports R&D, how many units of each will it have available in equilibrium? O 100 R&D; 100 components 9 80 R&D; 80 components 80 R&D; 200 components 60 R&D; 120 components A country's terms of trade are: O the price of a good in autarky compared with the same good under free trade. its bargaining power in international agreements. O the price of its imports relative to its exports. the price of its exports relative to its imports. India has a comparative advantage in service exports for all the following reasons except that: India has a large number people who are educated and conversant in English. India is 12 hours ahead of Eastern Standard Time, which makes it easier to offshore some jobs. service sector jobs do not require massive infrastructure investment. Indians are closer to Americans for historical reasons, and therefore the two countries like to trade with each other