According to the Heckscher-Ohlin model, this concept derives from differenc
According to the Heckscher-Ohlin model, this concept derives from differences in relative factor endowments. Paul Samuelson argued that this concept might not apply today because capital and labor can easily cross national borders. First illustrated by Robert Torrens in an essay on the Corn Laws, this concept was more famously illustrated by David Ricardo with the example of Portuguese wine and English cloth. For 10 points, name this concept that states that even absolutely advantaged countries can benefit from specialization and trade.
According to the Heckscher-Ohlin model, this concept derives from differences in relative factor endowments.
comparative advantage