ECON2200 Exam 1 Notes

ECON2200 Exam 1 Notes - ECON2200 Exam 1 Notes Holding other...

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ECON2200 Exam 1 Notes Holding other things constant, wages tend to decrease in capital-exporting regions, and wages tend to increase in capital-importing regions Holding other things constant, wages tend to INC in labor-exporting regions and wages tend to DEC in labor-importing regions Often, new inventions don’t generate meaningful productivity gains until businesses learnhow to use them. For example, paul david’s research has shown that this was the case for the invention of: THE ELECTRIC MOTOR Correctly characterizes changes in farming during the period between 1860 and 1920? THE NUMBER OF FARMS, AS WELL AS THE NUMBER OF ACRES UNDER CULTIVATION ROSE The income elasticity of demand for food is BEtWEEN 0 and 1 Conrad and Meyer used an asset pricing model to study antebellum slavery. Using their model, which could theoretically cause slave prices to increase? INCREASE IN PRICE OF COTTON Cliometrics differs from earlier approaches to studying econ history bc it uses SCIENTIFIC METHOD
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ECON2200 Exam 1 Notes - ECON2200 Exam 1 Notes Holding other...

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