Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
prpnum1 prpnum1
wrote...
Posts: 129
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 27 times
1 Reply
Replies
Answer verified by a subject expert
nalsaidynalsaidy
wrote...
Posts: 139
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 calls for a celebration Person Raising Both Hands in Celebration
wrote...

Yesterday
Thanks
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  804 People Browsing
 114 Signed Up Today
Related Images
  
 1405
  
 66
  
 1066
Your Opinion
Who's your favorite biologist?
Votes: 585

Previous poll results: What's your favorite math subject?