Using the Basic Hecksher-Ohlin Model of Trade, Explain Why Latin

question 7

Essay

Using the basic Hecksher-Ohlin model of trade, explain why Latin America would have a comparative disadvantage in capital-intensive products.

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Definitions:

Synchronous Speed

The speed at which the magnetic field in an AC motor rotates, directly proportional to the frequency of the electrical supply and the number of poles in the motor.

Slip

The difference between the synchronous speed of an induction motor's magnetic field and the actual speed of the rotor, expressed as a percentage.

Voltage

The electrical potential difference or force that causes current to flow in a circuit.

Magnetic Flux

Magnetic flux refers to the measure of the quantity of magnetism, considering the strength and the extent of a magnetic field.