Assessment 1 - Part 3 question:1) The wage gap between high skilled and low skilled workers in the US has been rising over 1980-2010. Can you explain this using what you havelearned from our course about trade?2) Consider an economy with two sectors: manufacturing and agriculture. Manufacturing requires labour and capital; agriculture requires labour andland. Note that capital can only be used in manufacturing and land can only be used in agriculture. Labour can be freely mobile across two sectors.Now the government considers passing a law that will allow immigration into the country. Explain who will support this law.

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Answered: 1) The wage gap between high skilled…

1) The wage gap between high skilled and low skilled workers in the US has been rising over 1980-2010. Can you explain this using what you have learned from our course about trade?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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