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A determine the impact of the increase in the price

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Unformatted text preview: the impact of the increase in the price of barley on the rental rate of land. b. Determine the impact of the increase in the price of barley on the rental rate of capital. c. Determine the impact of the increase in the price on the welfare of labor. Application: Sweatshops and Child Labor I will ask 2 questions regarding sweatshops and child labor, so make sure you understand the key points. Including, how these concepts relate to our models in class, what Edmunds found in Vietnam, and what would have to happen for change....
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This note was uploaded on 02/10/2014 for the course ECON 370 taught by Professor Staff during the Fall '08 term at Purdue.

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