Why Is the Specific-Factors Model Referred to as a "Short-Run

question 82

Short Answer

Why is the specific-factors model referred to as a "short-run" version of the Heckscher-Ohlin model?

---

Definitions:

Data Tabulation

The process of organizing data into tables or charts for easier analysis and interpretation.

Data Visualization

The graphical representation of information and data, using visual elements like charts, graphs, and maps to make data more easily understandable.

Data Mining

The process of analyzing large datasets to uncover patterns, correlations, and trends that can inform decision-making.

Cross Tabulation

A method of presenting and analyzing data involving two or more variables to discover relationships in the data. Also known as cross tab.