Examlex
Suppose that the following table gives annual employee compensation (including fringe benefits) in the United States, China, and India for various industries. According to the Heckscher-Ohlin model, which U.S. industries are most likely to face the strongest competition from Indian imports? Explain your answer.
Economic Gains
The increase in wealth, income, or resources resulting from activities such as investment, trade, or business operations.
IQ Scores
Standardized scores derived from intelligence tests, intended to measure a person's cognitive abilities in relation to their age group.
Genetic Drift
A mechanism of evolution that refers to random changes in the frequency of alleles (variants of a gene) in a population over time.
Empathy
The ability to understand and share the feelings of another person from their perspective, essentially putting oneself in their shoes.
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