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i) Discuss the degree of specialization that is predicted by the basic Ricardian Model and by the Heckscher-Ohlin model. (10 points) ii) Comment on why

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i) Discuss the degree of \"specialization\" that is predicted by the basic Ricardian Model and by the Heckscher-Ohlin model. (10 points) ii) Comment on why the production possibilities curve in the Heckscher-Ohlin model may be more representative of \"real world\" production choices. (10 points) iii) What is the essential difference between the Ricardian model and the Heckscher-Ohlin model with respect to underlying assumptions? (5 points)

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