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Home Q & A Board Other Fields Homework Help Business Economics
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drwalkinboner drwalkinboner
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A year ago
Assume Industry Country relies more heavily on the use of capital and Farm Country relies more heavily on the use of labor in production. Holding labor constant, which country's output would be more negatively affected by a big storm that destroys large parts of the existing infrastructure?

▸ Labor Country

▸ Industry Country

▸ Both countries equally

▸ Both countries equally if their initial GDP is equal
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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Quiera730Quiera730
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A year ago
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drwalkinboner Author
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A year ago
Thanks
Shuqin
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Yesterday
Brilliant ツ
Jadakiss
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2 hours ago
This helped my grade so much Perfect
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