The smaller the quantity and quality of complementary resources used in production,
a. the greater the demand for labor
b. the greater the marginal resource cost of labor
c. the lower the marginal resource cost of labor
d. the lower the marginal productivity of labor
e. the greater the marginal productivity of labor
D
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In 2008, Agriculture Secretary Ed Schafer announced that Chile's Livestock and Agricultural Service approved the U.S. inspection, control and certification systems for poultry, allowing these products to enter the Chilean market
What is NOT an effect of this change in Chilean policy on the Chilean poultry market? A) Chile's tariff revenue will increase. B) The quantity of poultry consumed in Chile will increase. C) The quantity of Chilean imports will increase. D) The price for poultry in Chile will decrease.
Explain how the aggregate demand and aggregate supply model can be made more dynamic
What will be an ideal response?