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In the specific-factors model with three factors of production (land, capital and labour) that we study in the lecture a movement along the production possibilities
In the specific-factors model with three factors of production (land, capital and labour) that we study in the lecture a movement along the production possibilities frontier (PPF) is associated with a reallocation of _________ between sectors. Question 2 Answer a. Land b. Labour c. Capital d. Both capital and labour
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Managerial economics
Authors: william f. samuelson stephen g. marks
7th edition
9781118214183, 1118041585, 1118214188, 978-1118041581
