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Home Q & A Board Other Fields Homework Help Business Economics
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miks miks
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5 years ago

Question 1.

A firm used to produce a product using three units of labor and one unit of capital. The firm discovers that it can produce more output at a lower cost if it combines two units of labor with two units of capital. This is an example of



▸ an innovation.

▸ an invention.

▸ increasing returns.

▸ economic growth.

Question 2.

Any investment made in a country by residents outside that country is



▸ foreign direct investment.

▸ foreign exchange.

▸ gross private domestic investment.

▸ net exports.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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MikaelDevostMikaelDevost
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5 years ago
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miks Author
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5 years ago
Smart ... Thanks!
julymontalvo
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This calls for a celebration Person Raising Both Hands in Celebration
apelton
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2 hours ago
Thank you, thank you, thank you!
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