Search for the Hecksher-Ohlin model in Wikipedia and provide a brief explanation of it.
In the Hecksher-Ohlin (also known as the factor endowments model) are the products a nation exports to another nation similar or different to the products it imports? Why?
Search for intra-industry trade in Wikipedia. Define intra-industry trade and provide an example of intra-indusrty trade
According to Wikipedia, what is Paul Krugman’s explanation for intra-industry trade? What do increasing returns mean?
Visit tse.export.gov/TSE and click on National Trade Data, then select Product Profiles of US merchandise Trade with a Selected Market, then select individual countries and find the top eight products imported from and exported to Canada, China, Mexico, and India for 2016.
In a table show the top 8 products imported and exported to Canada. Based on the data, provide examples of inter-industry trade and of intra-industry trade with Canada. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.
In a table show the top 8 products imported and exported to China. Based on the data, provide examples of inter-industry trade and of intra-industry trade with China. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.
In a table show the top 8 products imported and exported to Mexico. Based on the data, provide examples of inter-industry trade and of intra-industry trade with Mexico. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.
In a table show the top 8 products imported and exported to India. Based on the data, provide examples of inter-industry trade and of intra-industry trade with India. Where there is inter-industry trade discuss which factor endowment would give which country an advantage in the production of a good.
Would you expect trade with Germany would be more inter-industry or intra-industry (factor endowments)? Why? Please find the data of imports and exports to Germany and include it with your assignment. Do the data support or contradict your hypothesis?
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