Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
prpnum1 prpnum1
wrote...
Go to Answer
Posts: 133
Rep: 0 0
A year ago
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. Sweetland and Sourland face identical production functions and have the same amounts of inputs available for production. GDP per capita is $45,000 in Sourland and $38,000 in Sweetland. Which of the following statements could help explain this discrepancy?

▸ Sourland has greater efficiency of production.

▸ Sweetland faces the Law of Diminishing Marginal Product.

▸ The workforce is smaller in Sourland.

▸ The population of Sourland is more productive.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 32 times
1 Reply
Replies
Answer verified by a subject expert
nalsaidynalsaidy
wrote...
#1
Posts: 146
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

prpnum1 Author
wrote...

A year ago
This helped my grade so much Perfect
sweetalia
wrote...

Yesterday
Thank you, thank you, thank you!
macbookpro1
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1382 People Browsing
 131 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 227
  
 285
  
 2032
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Who will win the 2024 president election?