Question
Video: The Heckscher-Ohlin Theorem https://www.youtube.com/watch?v=BkpCE-t6wO8 Video: Evidence on the Heckscher-Ohlin Theorem https://www.youtube.com/watch?v=FL_wsy-RXq4 For both videos, please copy and paste the link into your browser; these
Video: The Heckscher-Ohlin Theorem
https://www.youtube.com/watch?v=BkpCE-t6wO8
Video: Evidence on the Heckscher-Ohlin Theorem
https://www.youtube.com/watch?v=FL_wsy-RXq4
For both videos, please copy and paste the link into your browser; these links are disabled for copyright reasons.
After watching both videos on the Heckscher-Ohlin Theorem, briefly explain what the HO Theorem is about, what the limitations are, and why economists use this model to analyze trade pattern between two countries. Additionally, research two countries and describe the trade pattern between the two countries chosen. Can you apply the HO Theorem to the trade patterns? Why or why not?
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