Explain how the relative value of products is determined by the amount of labor in a simple economy.
-Explain how the number of chickens could be the "price" of a pig in the simple economy.
Correct Answer:
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Q1: Whats defention of terms:
-rate of profit
Q2: Whats defention of terms:
-surplus
Q3: Whats defention of terms:
-transformation problem
Q4: Explain how the relative value of products
Q6: Explain how the relative value of products
Q7: Explain how the relative value of products
Q8: Explain how the relative value of products
Q9: Explain how the relative value of products
Q10: Explain how the relative value of products
Q11: Explain how the relative value of products
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