Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506893
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter ST10, Problem 2CQ
To determine
Effects of scarce resources in market activity.
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“The world’s poorest countries cannot find anything to export. There is no resource that is abundant—certainly not capital or land, and in small poor nations not even labor is abundant.” Discuss. At least two paragraphs.
How can you say that a country participates in the global market?
Why production factors move internationally?
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Microeconomics: Private and Public Choice (MindTap Course List)
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