Sachs and Warner found a strong correlation between a(n) ______ response to trade and economic growth.
Fill in the blank(s) with the appropriate word(s).
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Economics
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Human effort that can be applied in the production process is called:
A) natural resources. B) technology. C) labor. D) specialization.
Economics
Firefighters are highly skilled workers who are typically employed by city governments. If a city reduces the wage rate paid to firefighters to be less than the equilibrium wage rate, what happens to the economic rents earned by the firefighters?
A) Increase B) Decrease C) Remain unchanged D) Public employees like firefighters cannot earn economic rents
Economics