Whether the given data suggests a two-factor economy is to be justified. Introduction: The SF model accepts that an economy produces two goods utilizing two factors of creation, capital and work, in a flawlessly focused market. One of the two factors of creation, ordinarily capital, is thought to be explicit to a specific industry—that is, it is stationary.

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Chapter 13, Problem 10PS

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To determine: Whether the given data suggests a two-factor economy is to be justified.

Introduction:

The SF model accepts that an economy produces two goods utilizing two factors of creation, capital and work, in a flawlessly focused market. One of the two factors of creation, ordinarily capital, is thought to be explicit to a specific industry—that is, it is stationary.

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