Suppose that alpha and omega have identically sized, Econometrics

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Suppose that alpha and omega have identically sized

1. What are the four supply factors of economic growth? What is the demand factor? What is the efficiency factor? Illustrate these factors in terms of the production possibilities curve.

2. Suppose that Alpha and Omega have identically sized working-age populations but that annual hours of work are much greater in Alpha than in Omega. Provide two possible explanations.

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Econometrics: Suppose that alpha and omega have identically sized

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