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According to Bowen, Leamer, and Sveikauskas, which of the following is true?
a. A nation indirectly exports its most abundant factors of production.
b. A nation indirectly imports its most abundant factors of production.
c. A nation directly exports its most abundant factors of production.
d. A nation directly imports its least abundant factors of production.
What is the marginal product? The marginal product of an input is the extra quantity of output which is generated by using one more unit of which input. Marginal product of
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If you were a restaurant owner and you knew that the demand for your restaurant was elastic, how would you feel about a sales tax on restaurant food? Explain.
Marginal Propensity to consume or known as (MPC) relates to a change in net or total consumption expenditure to a change in the total disposable income. Symbolically it is writt
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