Multiple Choice
Which statement about the Heckscher-Ohlin model is correct?
A) It does not offer an explanation of the gains from trade.
B) It does not offer an explanation of the patterns of trade.
C) It offers an explanation of the effects of trade on the returns to capital and labor.
D) It offers an explanation of the effects of trade on factor abundance.
Correct Answer:
Verified
Correct Answer:
Verified
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