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Explain clearly, don't copy from internet. According to your opinion, to what extent does global trade affect specific factors of production, e.g., land, labor and
Explain clearly, don't copy from internet.
According to your opinion, to what extent does global trade affect specific factors of production, e.g., land, labor and capital? What are the impacts on real wages and real rates or returns to land and capital? How do you envision these impacts separately from the effects on the volume/quantity of these factors being employed in the production?
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