Homework answers / question archive / 1)explain in your own words: (Topic- "gains and losses from trade in the specific-factors model ) 1) specific-factors model 2) earnings of Labor 3) earnings of capital and land 2)What conclusion can be reached from the following data? Percentage of income received Gini by coefficient Lowest 40% Highest 20% Country A 24

1)explain in your own words: (Topic- "gains and losses from trade in the specific-factors model ) 1) specific-factors model 2) earnings of Labor 3) earnings of capital and land 2)What conclusion can be reached from the following data? Percentage of income received Gini by coefficient Lowest 40% Highest 20% Country A 24

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1)explain in your own words: (Topic- "gains and losses from trade in the specific-factors model )

1) specific-factors model

2) earnings of Labor

3) earnings of capital and land

2)What conclusion can be reached from the following data? Percentage of income received Gini by coefficient Lowest 40% Highest 20% Country A 24.5 37.9 0.35 Country B 21.0 40.7 0.45 Select one: a. The size distribution of income is more equal in Country B. b. Absolute poverty is more widespread in Country B. c. The overall degree of income inequality is lower in Country A d. Both (a) and

3)What do you mean by 'capital widening'? Select one: O a. The process through which the economy increases the amount of capital per worker. O b. An increase in the capital stock that just keeps pace with the expanding labour force. c. An increase in the capital stock at a faster rate compared to the rate of increase in the labour force. O d. Both (b) and (c).