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1. (Specic Factor Model, Chapter 3) In the simple version of the specic factor model, there are two sectors (goods), one factor (labor) that is

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1. (Specic Factor Model, Chapter 3) In the \"simple\" version of the specic factor model, there are two sectors (goods), one factor (labor) that is perfectly mobile between the two sectors, and one xed or specic factor in each sector. To be concrete, suppose the two goods are food and clothing, the specic factor in food is \"land\" represented by \"T\

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