How would trade based on comparative advantage tend to reduce income inequality in Latin America? How would import substitution policies tend to worsen it?
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Q34: Suppose that Latin America is labor abundant,
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Q36: Describe the factor-proportions model of international trade.
Q37: Using the basic Hecksher-Ohlin model of trade,
Q38: Draw a graph showing the effects of
Q39: Describe how trade based on comparative advantage
Q40: The HO model predicts that Latin America
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Q44: Suppose that Latin America's trade with the
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