international-trade-and-finance-question

1. Provide 4 factors that negate the Leontief Paradox for Factor endowment Model

2. Explain why intra-industry is an important aspect of studying international trade.

these two answer should be very brief!

3. Give the information below identify which country has absolute advantage and comparative advantage. Which country should produce which products. What are the gains from trade for each country? (hint you will need to find autarky output) To receive credit all work must be shown.

	Brazil	Chile	Thailand	Panama
Beef	100 cows	70 cows	25 cows	50 cows
Lumber	1000 board feet	950 board feet	500 board feet	600 board feet
Tuna	700 lbs	200 lbs	600 lbs	300 lbs
Tomatoes	200 lbs	50 lbs	75 lbs	150 lbs

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