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Under the Heckscher-Ohlin model, two countries may equalize wage differences between them by engaging in international trade or by allowing the movement of labor between
Under the Heckscher-Ohlin model, two countries may equalize wage differences between them by engaging in international trade or by allowing the movement of labor between the countries. Explain why this would happen in each case.Why would you not expect this result under the Specific Factors model?
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