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The Heckscher-Ohlin Model Of International Trade

The Heckscher-Ohlin Model Of International Trade

Submitted by • May 6, 2013 academicwritingtips.org

Comparative advantage is determined by how well a country is endowed with the factors of production that is capital, land and labor in comparison to another. As prices of goods and services are determined by the cost of factor inputs, a country will produce goods that are cheaper if the factor of production in plenty than if they were scarce.

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Voted by ndutamelda

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