What are the limitations of the specific factor model

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1. What are the limitations of the Specific Factor Model? In what ways does the Hecksher-Ohlin Model complements the Specific Factors Model?

2. Given the limitations of the Ricardian Model, in what does the Hecksher-Ohlin Model complements the Ricardian Model?

3. Is possible to merge the Ricardian, Specific Factors, and Hecksher-Ohlin models into one single model? If yes or no, briefly explain in one paragraph.

4. Given the limitations of the Ricardian Model, in what ways does the Specific Factors Model complements the Ricardian Model?

Reference no: EM131425983

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