Essay
A) Is Surburbia a labor or a capitalabundant country?
Explain your answer.
B) What is the price of good X in autarky? With free trade?
C) How many units of what product are exported? How
many units of what product are imported?
D) Has the marginal product of labor in good X production
increased or decreased?
Explain your answer.
E) Has the marginal product of capital in good Y production
increased or decreased?
Explain your answer.
Correct Answer:
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A) Surburbia is a laborabundant country...View Answer
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Correct Answer:
Verified
View Answer
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