The Rybczynski theorem suggests that development of new natural resources in a country:
A) will result in balanced growth.
B) may cause the country to export only manufactured products.
C) will increase output in all sectors of the economy.
D) may cause the manufacturing sector of the country to shrink.
Correct Answer:
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Q2: Suppose a large country experiences economic growth
Q3: The Rybczynski theorem asserts that in a
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Q6: Assume that a capital-abundant country trades only
Q7: Suppose a large country experiences economic growth
Q8: In a country that produces only wine
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Q11: In the figure given below, we
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