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The two Countries being used are Canada and the U.S, Use two countries from the region and apply the factor-endowment model of trade to
- The two Countries being used are Canada and the U.S,
- Use two countries from the region and apply the factor-endowment model of trade to the expected trade patterns.
- Use the same two countries and assess how external economies of scale will affect the countries (i.e., which industries will be affected and how).
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To analyze the expected trade patterns between two countries in the region using the factorendowment model we need to consider their relative factor endowments Lets assume Country A is relatively abun...Get Instant Access to Expert-Tailored Solutions
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