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Other Fields Homework Help Economics Topic started by: rosenrot on Dec 19, 2022



Title: Scenario: Two neighboring countries, Sweetland and Sourland, are identical in terms of size, ...
Post by: rosenrot on Dec 19, 2022
Scenario: Two neighboring countries, Sweetland and Sourland, are identical in terms of size, population (800,000), education of workforce, and value of natural resources owned.


Refer to the scenario above. Assume Sweetland has a higher GDP than does Sourland. Which of the following inputs in production might be greater in Sweetland?

▸ Land

▸ Total efficiency units of labor

▸ Capital

▸ Entrepreneurship


Title: Scenario: Two neighboring countries, Sweetland and Sourland, are identical in terms of size, ...
Post by: tulipfiasco on Dec 19, 2022
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