Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
yesure5294 yesure5294
wrote...
Go to Answer
Posts: 122
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. Despite all inputs being equal in Sweetland and Sourland, Sweetland has many more companies competing against one another. What can we say about its GDP relative to Sourland's GDP?

▸ Its GDP likely is greater, because fewer resources are employed.

▸ Its GDP likely is smaller, because fewer resources are employed.

▸ Its GDP likely is greater, because resources are allocated more efficiently.

▸ Its GDP likely is smaller, because companies compete more fiercely for profits.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 29 times
1 Reply
Replies
Answer verified by a subject expert
angelofavariceangelofavarice
wrote...
#1
Posts: 136
Rep: 1 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

yesure5294 Author
wrote...

A year ago
Helped a lot
bahajo
wrote...

Yesterday
Thanks
Evolution
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  505 People Browsing
 122 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 305
  
 10122
  
 4792
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: Which country would you like to visit for its food?