Consider the following statements about the Specific Factors model of International Trade and say which ones are correct?
(A) Factors specific to the export sectors in each country gain from trade
(B) Factors specific to the import-competing sectors in each country lose from trade
(C) Mobile factors that can work in either sector may gain from trade
(D) Mobile factors that can work in either sector may lose from trade
Choose the correct answer from the options given below:
1
(A), (C), (D) Only
2
(B), (C), (D) Only
3
(A), (B), (C) Only
4
(A), (B), (C), (D)