Economic data of an emerging country reveals
that shares of capital (α) and labor (1−α) are roughly 0.7 and 0.3,
respectively. What can be deduced from these results?

Question

Economic data of an emerging country reveals
that shares of capital (α) and labor (1−α) are roughly 0.7 and 0.3,
respectively. What can be deduced from these results?

Answer

Economy have a
labor shortage.

Answer

Economy have a
capital shortage.

Crowdly

Economic data of an emerging country reveals that shares of capital (α) and lab...

Хочете миттєвий доступ до всіх перевірених відповідей на lms.prasetiyamulya.ac.id?