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Scenario: Two neighboring countries, Sweetland and Sourland, are identical in terms of size, ...

rosenrot

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Scenario: Two neighboring countries, Sweetland and Sourland, are identical in terms of size, ...

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

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 52 times

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tulipfiasco

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More solutions for this book are available here

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rosenrot Author

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Thanks for your help!!

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Thanks

GeorgeNeist

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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