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Author Question: Agraria specializes in the production of cotton. However, cotton manufacturers in Agraria are ... (Read 130 times)

jeatrice

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Agraria specializes in the production of cotton. However, cotton manufacturers in Agraria are expecting the demand for its exports to fall sharply due to growing competition from a neighboring country.
 
  Assuming all else equal, which of the following is likely to happen in this case?
  A) The equilibrium unemployment in Agraria will fall.
  B) The equilibrium real wage in Agraria will rise.
  C) Investment expenditure in Agraria will rise.
  D) Consumption expenditure in Agraria will fall.

Question 2

Among the United States, Canada, Russia, India, and the United Kingdom, the country with the highest average income per person is
 
  A) the United Kingdom.
  B) India.
  C) Canada.
  D) Russia.
  E) the United States.


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zacnyjessica

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jeatrice

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


irishcancer18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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