Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
yesure5294 yesure5294
wrote...
Posts: 138
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 40 times
1 Reply
Replies
Answer verified by a subject expert
angelofavariceangelofavarice
wrote...
Posts: 159
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
Thanks for your help!!
wrote...

Yesterday
Thanks
wrote...

2 hours ago
This site is awesome
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1518 People Browsing
Related Images
  
 1108
  
 195
  
 625
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 484

Previous poll results: Do you believe in global warming?