What do you mean by the pattern of trade

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Reference no: EM1365400

Consider 2 countries, US and Canada. Assume that US is Labor-abundant while Canada is land- abundant. Also suppose that there are 2 industries, auto with being more labor-intensive than Soy. No suppose that the soy industry produces differentiated products and is characterized by EOS and monopolistic competition. Auto industry is still perfectly competitive. what is the pattern of trade

Reference no: EM1365400

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