in which factor(s) is components intensive? in which factor(s) is research intensive? suppose that due to the opening of trade, the relative price of r&d increases, Δpr/pr = 10%, whereas the price of components stays unchanged, Δpc/pc = 0. calculate the change in the wages of high-skilled and low-skilled labor. what has happened to the relative wage of high-skilled/low-skilled labor? how does this result compare to problem 4, and explain why it is similar or different.
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