Essay
Consider a setting in which capital is mobile between
sectors, but in the short run labor is divided into two
sectorspecific types of labor (skilled and unskilled
labor).In Korea the education system is very intense,
with students attending tutoring sessions in addition to
their regular classes.In the United States the education
system is more relaxed, with students focusing on
sports and other activities after school.With this in
mind, which country better matches the specificfactors
model?
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