Label the following statements as True or False.
1. All else equal, countries with more natura...
Business, 12.02.2020 03:32 annapittbull12
Label the following statements as True or False.
1. All else equal, countries with more natural resources have a higher GDP per capita than those with few natural resources.
2. Over the past two hundred years, improvements in productivity have offset lost productivity reduction due to less land being available.
3. The key to prosperity in the 20th century is an economy rich in natural resources.
4. Human and physical capital are only beneficial to an economy when there is an abundance of natural resources in the economy.
Answers: 2
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Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
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In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
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