07 Heckscher-Ohlin Model, Part 2

07 Heckscher-Ohlin Model, Part 2 - Heckscher-Ohlin Model...

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1 1 Heckscher-Ohlin Model, Part 2 • Agenda: – Resources and Output – Effects of International Trade Relative Supply, Relative Demand, Relative Prices The Pattern of Trade – Trade and the Distribution of Income 2 Resources and Output T / L P C / P F w / r 3 Resources and Output 0 C L C L F 0 F T F T C 4 Resources and Output 0 C L C L F 0 F T F T C
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