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Which of the following is the MOST likely explanation for a Detroit construction company's imports of concrete blocks made in Windsor, Ontario? ?technology ?the Ricardian model ?proximity ?offshoring

          Which of the following is the MOST likely explanation for a Detroit construction company's imports of concrete blocks made in Windsor, Ontario?

?technology
?the Ricardian model
?proximity
?offshoring
        
Which of the following is the MOST likely explanation for a Detroit construction company's imports of concrete blocks made in Windsor, Ontario?

?technology
?the Ricardian model
?proximity
?offshoring

Added by Sophia S.

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Which of the following is the MOST likely explanation for a Detroit construction company's imports of concrete blocks made in Windsor, Ontario? - technology - the Ricardian model - proximity - offshoring
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Transcript

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00:01 Okay, the question here says which one of the following is the factor that could cause an expansion in the production capacity? a, domestic demand, d, export demand, c, import substitution, d, capital deepening.
00:15 The factor that could cause an expansion in the production capacity.
00:20 So the correct answer is d, capital deepening.
00:30 Okay, so capital deepening refers to the increase of the amount of physical capital such as machinery, equipment and technology per worker or per unit of output in an economy...
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