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Using data from the two countries, plot openness versus Industrial Pay Inequality (from UTIP-UNIDO) for each nation in one graph. IT’S UP TO YOU TO FIGURE OUT HOW TO DO THIS. (8 marks) 2. Using data from the two countries, calculate the correlation (using excel) between openness and Industrial Pay Inequality (from UTIP-UNIDO) for each nation, respectively. Report and interpret this relationship in up to 200 words. [Hint: The Theil Index is used as a proxy for the ratio of skilled to unskilled wages in empirical studies]. DO NOT ATTACH YOUR DATA TO THE ASSIGNMENT. (10 marks) 3. Explain in up to 400 words whether your data agrees or disagrees with the Stolper-Samuelson Theorem. (Remember to accurately define the theorem). (7 marks).
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