5, but in step (viii) select December and 2000. a. What has happened to the value of...

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5, but in step (viii) select “December” and “2000.”

a. What has happened to the value of U.S. imports of hats and caps from China between 2000 and 2006?

b. What prediction does the Heckscher–Ohlin model make about the wages received by labor in China?

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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