Economic Models - Heckscher-Ohlin and Free Trade
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This two part paper looks at two related, but separate models found in the study of economics. The first, the Heckscher-Ohlin (HO) Model is descried and compared to Ricardo’s comparative advantage model. The model of free trade is also explained with the writer assessing why the full model is not observed in the real world. Four sources are cited in the bibliography of this four page paper.