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Assume that both Italy and Sweden are skilled-labour abundant. 1. First, define Stolper-Samuelson theorem with figure....

Assume that both Italy and Sweden are skilled-labour abundant.

1. First, define Stolper-Samuelson theorem with figure.

2. Then, check whether your data findings are in line with the Stolper-Samuelson theorem.

DATA have been attached.

Correlation coefficient between GDP per capita and openness

Correlation Coefficient between Openness and the GINI Index

Italy

0.408

0.2594

Sweden

0.632

0.4998

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
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