In a Country That Produces Only Wine and Guns, Which

question 50

Multiple Choice

In a country that produces only wine and guns, which of the following is least likely to lead to biased growth?

• A)The amount of usable land has increased substantially.
• B)The relaxation of migration laws has led to a huge influx of unskilled workers.
• C)The technology used to produce guns improves while the technology used to produce wine does not change.
• D)The relative price of guns in the international market changes.

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Definitions:

Business Halt

A temporary or permanent cessation of operations of a company.

Partnership Liquidation

The process of ending a partnership by selling off assets, paying off liabilities, and distributing the remaining assets to partners.

Creditor Claims

Rights of creditors to the assets of a debtor in the case of default, bankruptcy, or liquidation.

Joy Partner's Withdrawals

Distributions of assets from a partnership to one of its partners, typically for personal use.