1-What is the Stolper-Samuelson theorem? What are the underlying conditions and
1-What is the Stolper-Samuelson theorem? What are the underlying conditions and assumptions for the theorem?2-Describe Leontief’s paradox.?3-International outsourcing—the shifting of service activities from one country to another—was not an issue when the factor-price equalization theory was developed. Does the existence of outsourcing change the implications of the theory? Justify your answer.4-As a result of a new Japan-United States Free Trade Agreement (JUSFTA), the United States has shifted to free trade with Japan. Assume that the two major products are A-goods…