The shifts in global income inequality over the past two centuries:
A) confirm the Heckscher-Ohlin model and its factor price equalization theorem.
B) confirm the role of trade in the Solow and Schumpeterian growth models.
C) do not provide any useful evidence for judging the Heckshcer-Ohlin model.
D) definitively refute the Heckscher-Ohlin model and its factor price equalization theorem.
Correct Answer:
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