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  
onlineerica onlineerica
wrote...
Go to Answer
Posts: 125
Rep: 0 0
A year ago
Scenario: Farm Country and Industry Country are two neighboring countries. Both countries produce only one good: good X. Production in both countries is a function of total efficiency units of labor and physical capital stock.


Refer to the scenario above. Why would an increase in competition in Farm Country increase productivity?

▸ The physical capital stock employed in production would increase.

▸ Resources would be allocated and utilized more efficiently.

▸ Unemployment would decrease.

▸ Firms would earn lower profits.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 40 times
1 Reply
Replies
Answer verified by a subject expert
bknyc123bknyc123
wrote...
#1
Posts: 127
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

onlineerica Author
wrote...

A year ago
Helped a lot
shangshang
wrote...

Yesterday
This site is awesome
lipop
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1122 People Browsing
 116 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1172
  
 576
  
 329