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  3. Study Set
    International Economics Study Set 10
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    Exam 3: Gains and Losses From Trade in the Specific-Factors Model
  5. Question
    How Does the Specific Factors Model Differ from the
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How Does the Specific Factors Model Differ from the

Question 32

Question 32

Essay

How does the specific factors model differ from the
Heckscher­Ohlin (HO) model?

Correct Answer:

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The HO model assumes that capital and la...

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