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Relatively skill-abundant countries

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Explain why each of the following statements are true, false, or uncertain. Your answers should be a few sentences each and give as full an explaination as possible. Use only the models discussed in Lectures 5 and 6 for your answers. Where a question neither directly or indirectly references a speci c model, both models may be necessary for full credit. 

1. Relatively skill-abundant countries export relatively skill-intensive products.

2. Factors of production that are stuck in one sector always lose from trade.

3. The global trend in income inequality are consistent with the Stolper Samuelson theorem's predictions.

Reference no: EM132481959

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