Question
Using relevant post-growth graphs, Differentiate the welfare outcomes for a small developing country using one of the following growth possibilities; Growth in the labour force
Using relevant post-growth graphs, Differentiate the welfare outcomes for a small developing country using one of the following growth possibilities;
- Growth in the labour force versus growth in the country's capital stock.
- Growth in the labour force versus neutral technical progress in the capital-intensive commodity .For growth in the labour force, assume growth according to the Rybczynski theorem. Graphs need not be drawn to scale, they can be sketches for trade values as per the trade triangle must be reflective of the narrative the graph is meant to reveal.
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1 Growth in the labor force vs growth in the countrys capital stock In a small developing country when there is growth in the labor force represented by an outward shift in the labor supply curve and ...Get Instant Access to Expert-Tailored Solutions
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