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What is the main difference between the Heckscher-Ohlin model and the Ricardian model?

Asked by Raghaaadboodai, Last updated: Apr 21, 2024

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raghaaadboodai

raghaaadboodai

raghaaadboodai
Raghaaadboodai

Answered Oct 12, 2017

Unlike in the Ricardian model, endowments of factors of production affect trade patterns in the Heckscher-Ohlin model.
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