Although some people may be harmed by international trade, the Heckscher-Ohlin theory asserts that free trade will promote the standard of living for the nation as a whole.

Question

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The Heckscher-Ohlin theory states that free trade will lead to an increase in a nation's overall standard of living, even though some individuals may be negatively impacted by the changes in the economy.

Although Some People May Be Harmed by International Trade, the Heckscher-Ohlin