(A) Explain How the Heckscher-Ohlin Theorem Is Obtained, Using Either

question 20

Essay

(a) Explain how the Heckscher-Ohlin theorem is obtained, using either the "physical" definition or the "price" (or "economic") definition of relative
factor abundance.
(b) Illustrate and explain the phenomenon of a "factor intensity reversal." If two countries are trading in a situation where such a reversal has occurred, can the Stolper-Samuelson theorem still be valid for both of the countries? Briefly explain.

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Definitions:

Else If

A conditional statement in programming that specifies a new condition to test if the previous condition(s) is false.

Macro Action

A predefined action or set of actions that can be triggered in software to automate repetitive tasks.

Change

To make or become different; in computing, it often refers to modifying the content, settings, or properties of files, databases, or software.

OpenReport

A command or method in database applications used to open reports for viewing or printing.