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  • What is gross domestic product (GDP)? #241
  • Total work content = #242
  • Which of these factors would shift the labor demand curve out (increase labor demand)? #243
  • If the marginal revenue product of labor is greater than the wage rate (MRPh > w), what should a profit maximizing firm in a competitive labor market do? #244
  • If the elasticity of labor demand with respect to wages is -3 ( = −3), what is the effect on labor demand of a 10 percent increase in the equilibrium wage rate. #245
  • Which of the following characteristics are most likely found in developing countries? #246
  • … is considered the most densely populated country #247
  • Countries with stable governments tend to have a high population density like … #248
  • Imports are defined as the goods and services that we #249
  • If you take a vacation in Europe, then your expenditures on lodging in France are counted as a #250
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