(1) Use the specific factors model to explain the effects of a sudden reduction in the price a country receives for a good that it exports. To what extent does such an analysis help us to understand...

(1) Use the
specific factors model
to explain the effects of a sudden reduction in the price a country receives for a good that it exports. To what extent does such an analysis help us to understand either:

 developments in global economic inequality over the last 40 years or so; or

 the rationale for recent international trade tensions?