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    International Economics Study Set 2
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    Exam 4: Trade: Factor Availability and Factor Proportions Are Key
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    The Difference Between the Heckscher-Ohlin Theory of Trade and the Ricardian
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The Difference Between the Heckscher-Ohlin Theory of Trade and the Ricardian

Question 1

Question 1

True/False

The difference between the Heckscher-Ohlin theory of trade and the Ricardian model is that the former assumes that an economy produces only two goods.

Correct Answer:

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