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What is the main difference between the Heckscher-Ohlin model and the Ricardian model?



A. Unlike in the Ricardian model, endowments of factors of production affect trade patterns in the Heckscher-Ohlin model.
B. Unlike in the Ricardian model, factors are mobile across countries in the Heckscher-Ohlin model.
C. Unlike in the Ricardian model, all factors of production gain as a result of trade in the Heckscher-Ohlin model.
D. Unlike in the Ricardian model, trade is not assumed to be free in the Heckscher-Ohlin model.
E. Unlike in the Ricardian model, factors are mobile across industries in the Heckscher-Ohlin model

This question is part of model Quiz 4
Asked by Raghaaadboodai, Last updated: Jul 07, 2020

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raghaaadboodai

Raghaaadboodai

Answered Oct 12, 2017

Unlike in the Ricardian model, endowments of factors of production affect trade patterns in the Heckscher-Ohlin model.
 

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