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Economics At the onset of the COVID-19 pandemic, the provincial governments of Canada implemented lockdowns and stay home orders to contain the spread of the
Economics At the onset of the COVID-19 pandemic, the provincial governments of Canada implemented lockdowns and stay home orders to contain the spread of the virus. What would you predict the government's containment policy is on the supply of labor and equilibrium wage in Canada? What would be the effect in total output in Canada? Lionel Messi is one of the highest paid soccer players in the world because of his great talents. For any team that hires Lionel Messi, what portion of Messi's salary is economic rent? For the soccer industry, what portion of Messi's salary is economic rent? Explain
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