Explain how the relative value of products is determined by the amount of labor in a simple economy.
-How does the example in this chapter use the amount of labor used to produce a product to determine the relative value of one product in terms of another product, such as the value of pigs in terms of chickens? What types of labor go into producing the product?

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The Answer of Explain how the relative value of products is determined by the amount of labor in a simple economy.
-How does the example in this chapter use the amount of labor used to produce a product to determine the relative value of one product in terms of another product, such as the value of pigs in terms of chickens? What types of labor go into producing the product?

Explain How the Relative Value of Products Is Determined by the Amount