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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
Authors:
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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
Brilliant ツ
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Thanks
sadiewolf
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Just got PERFECT on my quiz
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