Multiple Choice
Which statement best describes the Heckscher-Ohlin model?
A) It only offers an explanation of the gains from international trade.
B) It only offers an explanation of the pattern of international trade.
C) It only offers an explanation of the effects of international trade on returns to mobile resources.
D) It offers an explanation of the gains, the pattern of international trade, and the effects of international trade on returns to mobile resources.
Correct Answer:
Verified
Correct Answer:
Verified
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