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tanhornet155Lv1
28 Sep 2019
1. Briefly explain why different countries have different standards of living?
2. Explain in detail how savings affect future productivity and standard of living
3. Give an example that illustrates diminishing marginal returns to capital.
4. Explain how diminishing marginal returns to capital property allows poorer countries eventually to catch with rich countries in their standard of living.
5.Explain why natural resources sometimes benefit the country and sometimes make it more difficult for the country to achieve a high standard of living
6. Explain how technological advancement can benefit and hurt the economy at the same time.
1. Briefly explain why different countries have different standards of living?
2. Explain in detail how savings affect future productivity and standard of living
3. Give an example that illustrates diminishing marginal returns to capital.
4. Explain how diminishing marginal returns to capital property allows poorer countries eventually to catch with rich countries in their standard of living.
5.Explain why natural resources sometimes benefit the country and sometimes make it more difficult for the country to achieve a high standard of living
6. Explain how technological advancement can benefit and hurt the economy at the same time.
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Yusra AneesLv10
28 Sep 2019