Question: Answer the following questions considering the Heckscher-Ohlin Model: a) Explain the similarities and differences between the specific factors model and the Heckscher-Ohlin Model in terms

Answer the following questions considering the Heckscher-Ohlin Model:

a) Explain the similarities and differences between the specific factors model and the Heckscher-Ohlin Model in terms of income distribution effects.

b) Write the discussions on increasing wage inequality in the United States after the 1970s.

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