MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 9, Problem 19QE
To determine

Explain whether the resource curse improves or worsen the distribution of income in a country.

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“The world’s poorest countries cannot find anything to export. There is no resource that is abundant—certainly not capital or land, and in small poor nations not even labor is abundant.” Discuss. At least two paragraphs.
Do the jobs for workers in low-income countries that involve making products for export to high-income countries typically pay these workers more or less than their next-best alternative?
Why do countries produce local goods when it is cheaper to import
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