Answer to Question #73988 in Microeconomics for Gongala

Question #73988
To prove the intra industry trade theory empirically which assumption has been altered as compared to the HOS model.
1
Expert's answer
2018-03-01T10:26:07-0500
HOS emphasizes that countries will involve in exporting those products for the production of which their profuse resources are going to be used. On the other hand, intra – trade involves same industry products traded between countries (Markusen et al, 2000).

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