1. The Heckscher-Ohlin TheoremThe Heckscher-Ohlin Theorem says that countries will export products that use their abundant and cheap factor of production and import products…

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Factor Endowment Theory * (Heckscher-Ohlin Model) * Eli Filip Heckscher (1879-1952) Heckscher worked so hard in his life, till 1949, he had published 1148 books and articles,…

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