Which statement best describes what will happen if a poor country with little capital and a rich country with a lot of capital each add a single unit of capital?
a. The rich country will experience a relatively large increase in production, while the poor country will experience a relatively small increase in production.
b. The poor country will experience a relatively large increase in production, while the rich country will experience a relatively small increase in production.
c. The poor country will experience a relatively small increase in production, and the rich country will experience a relatively small increase in production.
d. The poor country will experience a relatively large increase in production, and the rich country will experience a relatively large increase in production.
b. The poor country will experience a relatively large increase in production, while the rich country will experience a relatively small increase in production.
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Indicate whether the statement is true or false
The supply curve for credit card services is an increasing function of
A) the price of credit card services. B) bank profitability. C) the real interest rate. D) the quantity of money.