The Rybczynski theorem suggests that development of a new natural resources in a country

A. may cause the country to export only manufactured products.
B. may cause the manufacturing sector of the country to shrink.
C. will result in balanced growth.
D. will increase output in all sectors of the economy.


Answer: B

Economics

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Refer to the information provided in Figure 2.6 below to answer the question(s) that follow. Figure 2.6Refer to Figure 2.6. If the economy is at ppf1, a change in consumer preferences would be shown by a

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The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the efficient number of students at the college?

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In the United States, GDP has grown slower than the population since 1870

a. True b. False Indicate whether the statement is true or false

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