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Question 1 1 pts The Ricardo Model and the Hecksher-Ohlin Model make different assumptions about the technology available in each country. How do these different
Question 1 1 pts The Ricardo Model and the Hecksher-Ohlin Model make different assumptions about the technology available in each country. How do these different assumptions connect to different predictions between the models? O Ricardo predicts that consumption will decline and Hecksher-Ohlin predicts that consumption will increase. O Ricardo predicts that income will decline and Hecksher-Ohlin predicts that income will increase. O Ricardo predicts that wages will increase for both countries and Hecksher-Ohlin predicts that wages will only increase in the labor-abundant country. O Ricard predicts that countries will engage in intra-industry trade and Hecksher-Ohlin predicts that countries will engage in inter-industry trade
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