(1) About HO: for the following subquestions refer to an example with (USA) and (MEX), two goods (iPads and shirts), and two factors: low-skilled (LS) and high- skilled (HS) workers. Assume that iPads are relatively intensive in the use of HS, and that (MEX) is relatively abundant in LS workers (C) What happens under trade relative to autarky regarding the exported and im- ported goods prices? Prices of Exports: Prices of Imports: (f) Indicate the type of gains of trade that the model captures? (g) Can we say something about income distribution? Yes or no? Justification of why yes or why no: (1) About HO: for the following subquestions refer to an example with (USA) and (MEX), two goods (iPads and shirts), and two factors: low-skilled (LS) and high- skilled (HS) workers. Assume that iPads are relatively intensive in the use of HS, and that (MEX) is relatively abundant in LS workers (C) What happens under trade relative to autarky regarding the exported and im- ported goods prices? Prices of Exports: Prices of Imports: (f) Indicate the type of gains of trade that the model captures? (g) Can we say something about income distribution? Yes or no? Justification of why yes or why no