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Question 40 (2.5 points) Trade occurs because of in the availability of factor inputs across countries and the differences inQuestion 41 (2.5 points) Use the following information to answer question below Assume the standard trade model with two counQuestion 42 (2.5 points) What the Heckscher-Ohlin model predicts about the changes below that will occur when a country opens

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40) Trade occurs because of differences in the availabilty of factor inputs across countries and the differences in the proportions of those factors that are used in producing different goods. Trade causes expansion in the export-oriented sector and contraction in the import-competing sector. The answer is option (a).

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