ch04Trade Model Extensions and Applications(国际经济学-(By Robert J. Carbaugh).pptVIP

Carbaugh, Chap. 4 International EconomicsBy Robert J. Carbaugh9th Edition Chapter 4: Trade Model Extensions and Applications Factor endowment theory (Heckscher-Ohlin) Comparative advantage is explained entirely by different national supply conditions, especially resource endowments Nations export products that use inputs which are relatively abundant (cheap) at home, and import products which need inputs which are relatively scarce (expensive) at home Factor endowment theory: assumptions Nations all have the same tastes and preferences (same indifference curves) They use factor inputs which