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The Heckscher-Ohlin model is famous for being elegant and mathematically sophisticated, yet failing to describe reality. One manifestation of this fact is Trefler's Case of Missing Trade. Explain what exactly is missing. In what sense is it missing?
How would you explain why it is missing?
How can a relaxation of the identical production functions explain the case of the missing trade?
How did the results obtained by Davis and Weinstein strengthen support for the validity of the HO model?
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Refers to organisms whose genetic material has been altered using genetic engineering techniques, often to introduce desirable traits.
Crop Yields
The total quantity of crop that is harvested per unit of land area.
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A professional who applies principles of biology and the engineering design process to create solutions for health, medical, and environmental challenges.
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