Recent Posts • Latest Topics • Unanswered Questions

Scenario: Farm Country and Industry Country are two neighboring countries. Both countries produce ...

cmartinez034

wrote...

Go to Answer

Posts: 127

Rep:

A year ago

Scenario: Farm Country and Industry Country are two neighboring countries. Both countries produce ...

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. What will likely happen if there is an increase in entrepreneurial activity in Industry Country?

▸ Farm Country will have relatively greater output because its firms face less competition.

▸ Output will remain bigger than in Farm Country.

▸ Income per capita will fall in Industry Country.

▸ Productivity in Industry Country will increase.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 49 times

1 Reply

Report

Replies

Answer verified by a subject expert

carolyne254

wrote...

Posts: 135

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

cmartinez034 Author

wrote...

A year ago

Thank you, thank you, thank you!

taydav

wrote...

Yesterday

This site is awesome

Alina01978

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1289 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

225

316

1075

Your Opinion

Previous poll results: What's your favorite coffee beverage?

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.