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Rasek [7]
3 years ago
11

In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in:________

Business
1 answer:
Paladinen [302]3 years ago
4 0

Answer:

d. relative abundance of factors of production

Explanation:

The Heckscher-Ohlin model is also known as the 2x2x2 model or H-O model. This model is used to assess the trade or mainly the equilibrium of a trade that is between two countries having different natural resources and different specialties.

The 2-factor, 2 good Heckscher-Ohlin model is used for the two countries which differs in the relative abundance of factors of production.

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