Multiple Choice
Which of the following statements is TRUE?
A) The HeckscherOhlin model offers a reasonable explanation of the pattern of trade and the gains from
Trade.
B) The HeckscherOhlin trade model does not offer an explanation of the pattern of trade.
C) The HeckscherOhlin trade model does not offer an explanation of the gains from trade.
D) The Riparian trade model (with labor as the only input) offers a better explanation of the pattern of trade and the
Gains from trade than the HeckscherOhlin model.
Correct Answer:
Verified
Correct Answer:
Verified
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