Figure 3-7 presents wages in the manufacturing and services sectors for the period 1973 to 2018. Is the difference in wages across sectors consistent with either the Ricardian model studied in Chapter 2 or the specific-factors model? Explain why or why not

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Real 37$ hourly wages (2018 32 dollars) 27 22 17 Information services Manufacturing 12 1973 1978 1983 1988 1993 All private services 1998 2003 2008 Feenstra/Taylor, International Trade, Se © 2021 Worth Publishers 2013 2018 Year