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Business
Management
ect ction of Trade a

ect ction of Trade a

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Below is a list of Products and Countries who are engaged in Export and Import of these products. Identify the Direction of Trade and Explain how or why the Hecksher- Ohlin theory of Trade can be used to justify such pattern: (Hint: Use comparative Cost advantage arguments) India Ex/Imp Bangladesh US Products Brazil Tractor EXP IMP IMP EXP and IMP Sugar EXP and IMP EXP IMP IMP Shirts EXP and IMP IMP EXP IMP Planes IMP IMP IMP EXP Coffee IMP EXP IMP IMP
Transcribed Image Text:Below is a list of Products and Countries who are engaged in Export and Import of these products. Identify the Direction of Trade and Explain how or why the Hecksher- Ohlin theory of Trade can be used to justify such pattern: (Hint: Use comparative Cost advantage arguments) India Ex/Imp Bangladesh US Products Brazil Tractor EXP IMP IMP EXP and IMP Sugar EXP and IMP EXP IMP IMP Shirts EXP and IMP IMP EXP IMP Planes IMP IMP IMP EXP Coffee IMP EXP IMP IMP
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