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Answer the following questions considering the Heckscher-Ohlin Model: a) Explain the similarities and differences between the specific factors model and the Heckscher-Ohlin Model in terms
Answer the following questions considering the Heckscher-Ohlin Model:
a) Explain the similarities and differences between the specific factors model and the Heckscher-Ohlin Model in terms of income distribution effects.
b) Write the discussions on increasing wage inequality in the United States after the 1970s.
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