What is the Heckscher-Ohlin theorem?

Answer all questions, using citation and personal perspective where appropriate.

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What is the Heckscher-Ohlin theorem?
Name three dynamic gains from trade.
Explain the price-specie flow doctrine.
Identify and describe the three “waves” of globalization discussed in the lecture.
Compare and contrast two discussed trade barriers, tariffs, or quotas.
What is “dumping,” and who determines when dumping has taken place?
What is the difference between global quotas and selective quotas?
Why would a country set an export quota?

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