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Consider a Setting in Which Capital Is Mobile Between

Question 116

Essay

Consider a setting in which capital is mobile between
sectors, but in the short run labor is divided into two
sector­specific types of labor (skilled and unskilled
labor).In Korea the education system is very intense,
with students attending tutoring sessions in addition to
their regular classes.In the United States the education
system is more relaxed, with students focusing on
sports and other activities after school.With this in
mind, which country better matches the specific­factors
model?

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