Economics (M.Phil./Ph.D.) 2021 Panjab University Entrance Exam With Answers

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5.

Which trade model posits that trade flows between countries will be larger as the economic size of the two are larger and the geographic distance between the two countries is smaller?

A: Heckscher-Ohlin Model
B: The Product Differentiation Model
C: The Gravity Model
D: The Stolper- Samuelson Model

The answer is: C

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