Discus how the krugman model of trade works


1. Discus how the Krugman model of trade works. Find out the similarities and differences among the Krugman model and Heckscher-Ohlin model.

2. Determine the difference between the physical definitions of factor abundance and the price. When could they give conflicting answers about then which factor is the abundant factor?

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Macroeconomics: Discus how the krugman model of trade works
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