increase wages in all countries. The relationship between trade and specialization is best characterized as follows: trade increases specialization, which in turn decreases the demand for trade.trade increases specialization, which in turn increases the demand for trade.trade decreases specialization, which...
the abundant factor gains relative to the scarce factor in each country. income is redistributed between countries but not within each country. B is correct. As a country opens up to trade, it has a favorable impact on the abundant factor, and a negative impact on the scarce factor. This ...
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