Hecksher Ohlin Theorems

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4 Terms

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Hecksher Ohlin Theorem
In trade, a country exports the good in which they have comparative advantage
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Stolper Samuelson Theorem
With trade, the income of the abundant factor increase while that of the scarce factor decreases
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Rybschinzsky
When the supply of one factor increases in trade, the production that uses that factor intensively increases, while the other decreases
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Factor price theorem
When prices equalize with trade, factor prices equalize as well