3. Globalization is frequently proposed as a prime force in the growth of income inequality in developed economies. Explain how, in the context of the factorpriceequalization theorem. Do you think that globalization is a stronger disequalizing force than changes in institutions that protect labour?

4. Explain how economists compute the 'returns to education'. How have these returns varied, by educational achievement level, in Canada in the most recent two decades? What role have provincial patterns played?