3. Figure 3-7 presents wages in the manufacturing and services sectors for the period 1974 to 2014....

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3. Figure 3-7 presents wages in the manufacturing and services sectors for the period 1974 to 2014. Is the difference in wages across sectors consistent with either the Ricardian model studied in Chapter 2 or the specific-factors model? Explain why or why not.

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International Economics

ISBN: 9781429278423

4th Edition

Authors: Robert C. Feenstra; Alan M. Taylor

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