3. Figure 3:2 presents wages in the manufacturing and services sectors for the period 1973 to 2018. Is the difference in
Posted: Sat Feb 19, 2022 2:44 pm
3. Figure 3:2 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.