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Pt q2 t slope - PowerPoint PPT Presentation

Classical Model

Classical Model. Strengths Trade is mutually beneficial High & low wage countries may trade Explains some of the trade patterns we observe Weaknesses Why does so much trade occur among developed countries? Why does technology differ across countries?. Heckscher-Ohlin (HO) Model.

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Pt q2 t slope - PowerPoint PPT Presentation

Classical Model