Obstacles that restrict trade, either domestic or international, will
What will be an ideal response?
a. reduce output, income, and the general living standard of the populace
Economics
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An earthquake destroys a good portion of the capital stock. How would you expect this to affect the capital—labor ratio in the long run? There would be
A) a rightward movement along the saving-per-worker curve and an increase in the capital—labor ratio. B) no change in the long-run capital—labor ratio. C) a downward shift in the saving-per-worker curve and a decrease in the capital—labor ratio. D) a leftward movement along the saving-per-worker curve and a decrease in the capital—labor ratio.
Economics
Why do firms reorganize and change their structural forms?
Economics