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Q. What are the three types of transactions between the residents of different countries?
Answer:
1. Trades of services and goods for goods or services.
2. Trades of services and goods for assets.
3. Trades of assets for assets.
Using the Heckscher-Ohlin model, discuss how the differences in supply and demand conditions between countries create a basis for trade.
#question.explain me Hecksher OHLIN theory of international trade in simple english
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tion..What is the range of gross barter terms of trade ?
difference between differencial treatment in reverse andspecial and differencial treatment
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