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    Does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns?

    The Heckscher-Ohlin theory demonstrates how trade affects the distribution of income within trading partners. Explain.

    How does the Leontief paradox challenge the overall applicability of the factor-endowment model?

    According to Staffan Linder, there are two explanations of international trade patterns-one for manufacturers and another for primary (agricultural) goods. Explain.

    Describe a specific tariff, an ad valorem tariff, and a compound tariff. What are the advantages and disadvantages of each?

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    Solution Summary

    Examine international trade patterns.