The main reason U.S. farmers can produce more than farmers in China is that they
A. have more land.
B. have more capital.
C. have more labor.
D. are better trained.
B. have more capital.
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If the market demand for paper remains the same as in Problem 6, calculate the market price, market output, and the economic profit or loss of each firm
What will be an ideal response?
The natural rate of unemployment consists of frictional unemployment plus cyclical unemployment
Indicate whether the statement is true or false
The purchase by the Canadian government of a fighter jet produced in the United States is included in U.S
A) consumption spending. B) investment spending. C) government purchases. D) net exports.
Each step up the education ladder improves the incomes of white males but not of black males
Indicate whether the statement is true or false