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ssi15 ssi15
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A year ago
It is found that a one-unit increase in capital leads to a higher increase in the production of good X in Farm Country than in Industry Country. Why might this be the case if both countries have the same amount of total efficiency units of labor?

▸ Increase in output is smaller if less capital is used in production.

▸ Increase in output is greater if more capital is used in production.

▸ Physical capital stock is greater in Farm Country.

▸ Physical capital stock is smaller in Farm Country.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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rotatorrorotatorro
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A year ago
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ssi15 Author
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A year ago
Smart ... Thanks!
kobbhy
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Yesterday
Correct Slight Smile TY
kiara23247843
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Brilliant ツ
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