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The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former A.has only two countries. B.has only two products. C.has
The Heckscher-Ohlin model differs from the Ricardian model of Comparative Advantage in that the former A.has only two countries. B.has only two products. C.has two factors of production. D.has two production possibility frontiers. (one for each country). E.has varying wage rates. E.the cost of capital (assuming that good Y is capital intensive) divided by the cost of labor.
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