Problem: Please give an Elaborate answer as long as possible. I need to understand these concepts for future exams and i can't answer such questions.
(1) Explain what is meant in the Heckscher-Ohlin theory by
(i) The relative factor intensity of a commodity,
(ii) the relative factor abundance of a country.
(2) How are these concepts used to explain the commodity composition of trade?
(3) Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.