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azamat
2 years ago
15

Country A can produce two goods: good X is labor-intensive and good Y is labor-intensive. As a result of international trade the

relative value of Px / Py increases. Which goods will country A import and which will it export? Does he have a lot of capital or work?
Business
1 answer:
vekshin12 years ago
4 0

Answer:

Both goods are originally labor intensive, so we can conclude that the country has a lot of labor resources, while their capital resources should be rather limited. Since the world price of good X increases compared to the price of good Y, then the country will export larger amounts of good X since its price is relatively higher.

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Answer:

The group would not use brainstorming to select the best solution. It would use any of the other answers.

<em>I did that question</em>

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3 years ago
briefly explain what you consider an entrepreneur to be and describe the three most important attributes you need to develop to
expeople1 [14]

Answer:

An entrepreneur is a person who finds an economic opportunity in the market, and exploits it for his own benefit and the benefit of his employees and constomers by setting up a firm.

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Three characteristic of an entrepreneur:

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3 0
2 years ago
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spayn [35]

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3 years ago
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djverab [1.8K]

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7 0
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Answer:

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6 0
3 years ago
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