Problem
1. How does the Leontief paradox challenge the overall applicability of the factor-endowment model?
2. According to staffan Linder, there are two explanations of international trade patterns-one for manufactures and another for primary (agricultural) goods. Explain.
3. Do recent world-trade statistics support or refute the notion of a product life cycle for manufactured goods?
4. How can economies of large-scale production affect world trade patterns?