Since Jan Tinbergen's (1962) first use of the gravity model, economists have consistently found that the model statistically "explains":
A) very little of the variation in international trade flows between countries.
B) none of the variation in trade flows between countries.
C) the results of the Heckscher-Ohlin model very precisely.
D) almost all of the variation in trade flows between countries.
Correct Answer:
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