Question | Answer |
Ricardian Model | Productivity - Comparative Advantage 5 relative supply (P & Q) relative demand tangga (wage and labor) |
Specific Factors | Short term distribution income. Trade affect relative supply by relative price. benefit owner of specific whose price increase. mobile factor ambiguous. |
Hecksher Ohlin | difference in resource endowments. trade --> relative price converge. export abundant factor intensively. owner gain. SS(price and wage) and Rybcynski (Q and S) |
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