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If it is cheaper in the long run to use a new metal plow that lasts a long time than an inferior wooden plow that needs to be replaced often, then this is an example of
Q4: Long-run equilibrium occurs where:<br>A)real output is greater
Q14: The creation of an adequate infrastructure in
Q61: When Sally can paint a house and
Q67: Which of the following countries had the
Q83: The best measure of total income received
Q88: Suppose that Alpha's real output rose from
Q124: The cheap foreign labour argument suggests that:<br>A)to
Q137: Approximately what percentage of the world's income
Q195: If a technological advance expands output and
Q214: Recent efforts at providing direct cash transfers