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Boundless Teaching Platform: Customizable Textbooks and Intuitive Tools for Educators to Engage Students

Boundless empowers educators with affordable, customizable textbooks and intuitive teaching tools. The Boundless Teaching Platform allows educators to customize textbooks, assign readings and assessments, monitor student activity, and access pre-made teaching resources. Get started now and transform your classroom experience.

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Boundless Teaching Platform: Customizable Textbooks and Intuitive Tools for Educators to Engage Students

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  1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

  2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

  3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

  4. Demand for Labor Inputs to Production: Labor, Natural Resources, and Technology Labor Market Equilibrium and Wage Determinants Income Distribution Capital and Natural Resource Markets ] Capital, Productivity, and Technology Inputs to Production: Labor, Natural Resources,... Free to share, print, make copies and changes. Get yours at www.boundless.com

  5. Inputs to Production: Labor, Natural Resources,... > Demand for Labor Demand for Labor • Marginal Product of Labor (Physical) • Marginal Product of Labor (Revenue) • Deriving the Labor Demand Curve Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/inputs-to-production-labor-natural-resources-and-technology-14/demand-for-labor-78/

  6. Inputs to Production: Labor, Natural Resources,... > Labor Market Equilibrium and Wage Determinants Labor Market Equilibrium and Wage Determinants • Conditions of Equilibrium • The Wage Rate • Compensation Differentials • Performance and Pay • Marginal Revenue Productivity and Wages • Changes in Equilibrium for Shifts in Market Supply and Market Demand • Labor Union Impacts on Equilibrium Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/inputs-to-production-labor-natural-resources-and-technology-14/labor-market-equilibrium-and-wage-determinants-79/

  7. Inputs to Production: Labor, Natural Resources,... > Income Distribution Income Distribution • How Income is Allocated • Current Topics in Income Distribution Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/inputs-to-production-labor-natural-resources-and-technology-14/income-distribution-80/

  8. Inputs to Production: Labor, Natural Resources,... > Capital and Natural Resource Markets Capital and Natural Resource Markets • Other Factors of Production • The Importance of Factor Prices • Marginal Productivity and Resource Demand • Marginal Productivity and Income Distribution • Capital Market • Natural Resource Market Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/inputs-to-production-labor-natural-resources-and-technology-14/capital-and-natural-resource-markets-81/

  9. Inputs to Production: Labor, Natural Resources,... > Capital, Productivity, and Technology Capital, Productivity, and Technology • Capital and Technology • Total Factor Productivity • Changes in Technology Over Time Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/inputs-to-production-labor-natural-resources-and-technology-14/capital-productivity-and-technology-82/

  10. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

  11. Inputs to Production: Labor, Natural Resources,... Key terms • assembly lineA system of workers and machinery in which a product is assembled in a series of consecutive operations; typically the product is attached to a continuously moving belt • capitalAlready-produced durable goods available for use as a factor of production, such as steam shovels (equipment) and office buildings (structures). • capitalAlready-produced durable goods available for use as a factor of production, such as steam shovels (equipment) and office buildings (structures). • capital marketThe market for long-term securities, including the stock market and the bond market. • collective bargainingA method of negotiation in which employees negotiate as a group with their employers. • commissionA fee charged by an agent or broker for carrying out a transaction • commodityRaw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges. • comparative advantageThe ability of a party to produce a particular good or service at a lower margin and opportunity cost over another. • differentiala qualitative or quantitative difference between similar or comparable things • diminishing marginal returnsThe decrease in the per-unit output of a production process as the amount of a single factor of production is increased. • discriminationDistinct treatment of an individual or group to their disadvantage; treatment or consideration based on class or category rather than individual merit; partiality; prejudice; bigotry. • factor of productionA resource employed to produce goods and services, such as labor, land, and capital. Free to share, print, make copies and changes. Get yours at www.boundless.com

  12. Inputs to Production: Labor, Natural Resources,... • globalizationThe process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. • inequalityAn unfair, not equal, state. • inputSomething fed into a process with the intention of it shaping or affecting the outputs of that process. • marginal benefitThe extra benefit received from a small increase in the consumption of a good or service. It is calculated as the increase in total benefit divided by the increase in consumption. • marginal productThe extra output that can be produced by using one more unit of the input. • marginal productThe extra output that can be produced by using one more unit of the input. • marginal productThe extra output that can be produced by using one more unit of the input. • marginal productThe extra output that can be produced by using one more unit of the input. • marginal productivityThe extra output that can be produced by using one more unit of the input • marginal productivityThe extra output that can be produced by using one more unit of the input • marginal revenue productThe change in total revenue earned by a firm that results from employing one more unit of labor. • marginal revenue productThe change in total revenue earned by a firm that results from employing one more unit of labor. Free to share, print, make copies and changes. Get yours at www.boundless.com

  13. Inputs to Production: Labor, Natural Resources,... • marginal revenue productThe change in total revenue earned by a firm that results from employing one more unit of labor. • minimum wageThe lowest rate at which an employer can legally pay an employee; usually expressed as pay per hour. • normal goodA good for which demand increases when income increases and falls when income decreases but price remains constant. • Opportunity costThe cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). • piece workWork that a worker is paid for according to the number of units produced, rather than the number of hours worked. • Production functionRelates physical output of a production process to physical inputs or factors of production. • progressiveGradually advancing in extent; increasing. • regressiveWhose rate decreases as the amount increases. • returns to scaleA term referring to changes in output resulting from a proportional change in all inputs (where all inputs increase by a constant factor). • strikeA work stoppage (or otherwise concerted stoppage of an activity) as a form of protest. • Total factor productivityA variable which accounts for effects in total output not caused by traditionally measured inputs of labor and capital. • Unionan organization of workers who have banded together to achieve common goals Free to share, print, make copies and changes. Get yours at www.boundless.com

  14. Inputs to Production: Labor, Natural Resources,... • Value of marginal product of capitalThe marginal product of capital multiplied by its price. Free to share, print, make copies and changes. Get yours at www.boundless.com

  15. Inputs to Production: Labor, Natural Resources,... Marginal Product of Labor This table shows hypothetical returns and marginal product of labor. Note that in reality this firm would never hire more than seven employees, since a negative marginal product is bad for the firm regardless of the wage rate. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Marginal Product of Labor1 copy."CC BY-SAhttp://en.wikipedia.org/wiki/File:Marginal_Product_of_Labor1_copy.pngView on Boundless.com

  16. Inputs to Production: Labor, Natural Resources,... Optimal Demand for Labor The optimal demand for labor is located where the marginal product equals the real wage rate. The curved line represents the falling marginal product of labor, the y-axis is the marginal product/wage rate, and the x-axis is the quantity of labor. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Fator."CC BY-SAhttp://en.wikipedia.org/wiki/File:Fator.jpgView on Boundless.com

  17. Inputs to Production: Labor, Natural Resources,... Hazard Differential Hazard pay is a type of compensating differential. Occupations that are dangerous, such as police work, will typically have higher pay to compensate for the risk associated with that job. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Police Poland 2 AB."GNU FDLhttp://en.wikipedia.org/wiki/File:Police_Poland_2_AB.jpgView on Boundless.com

  18. Inputs to Production: Labor, Natural Resources,... U.S. Income over time Though productivity gains were primarily the basis for the increase in U.S. income, in more recent times, productivity increases have not been captured in income increases for the majority of U.S. families as noted in the graph. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.Public domainhttp://upload.wikimedia.org/wikipedia/commons/4/45/Productivity_and_Real_Median_Family_Income_Growth_1947-2009.pngView on Boundless.com

  19. Inputs to Production: Labor, Natural Resources,... Kuznets curve The Kuznets curve depicts the relationship between inequality and income; after hitting a market peak, inequality will decrease as income increases. Recent economic trends have caused researchers to believe that the economy may have started on a new Kuznet's curve given the heightening economic inequality. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/thumb/6/6b/Kuznets_curve.png/320px-Kuznets_curve.pngView on Boundless.com

  20. Inputs to Production: Labor, Natural Resources,... Marginal Product and Wages The graph shows that a factor of production - in our case, labor - has a fixed supply in the long run, so the wage rate is determined by the factor demand curve - in our case, the marginal revenue product of labor. The intersection of vertical supply and the downward sloping demand gives the wage rate. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Factor compensation."CC BY-SAhttp://en.wikipedia.org/wiki/File:Factor_compensation.jpgView on Boundless.com

  21. Inputs to Production: Labor, Natural Resources,... Union Members Strike One tool that unions may use to raise wages is to go on strike. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."UnisonStrikeRallyOxford20060328 KaihsuTai."GNU FDLhttp://en.wikipedia.org/wiki/File:UnisonStrikeRallyOxford20060328_KaihsuTai.jpgView on Boundless.com

  22. Inputs to Production: Labor, Natural Resources,... Chicago Mercantile Exchange The Chicago Mercantile Exchange, shown above, is one of the world's largest commodity markets. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Cme building aerial view."CC BY-SAhttp://en.wikipedia.org/wiki/File:Cme_building_aerial_view.jpgView on Boundless.com

  23. Inputs to Production: Labor, Natural Resources,... Firm Demand for Capital Firms will increase the quantity of capital hired to the point where the value of marginal product of capital is equal to the rental rate of capital. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Capital Equilibrium."CC BYhttps://commons.wikimedia.org/wiki/File:Capital_Equilibrium.jpgView on Boundless.com

  24. Inputs to Production: Labor, Natural Resources,... Education Differentials Workers seek increased compensation by attaining higher levels of education Free to share, print, make copies and changes. Get yours at www.boundless.com Fotopedia."Johns Hopkins University on Fotopedia."CC BYhttp://www.fotopedia.com/wiki/Johns_Hopkins_University%23!/items/flickr-4647211575View on Boundless.com

  25. Inputs to Production: Labor, Natural Resources,... NYSE This is the floor of the New York Stock Exchange. The NYSE is one of the largest capital markets in the world. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."NYSE-floor."Public domainhttp://en.wikipedia.org/wiki/File:NYSE-floor.jpgView on Boundless.com

  26. Inputs to Production: Labor, Natural Resources,... Production Possibility Frontier (PPF) An increase in technology that allows for greater output based upon the same inputs can be described as an outward shift of the PPF, as demonstrated in this figure. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia.CC BY-SAhttp://upload.wikimedia.org/wikipedia/commons/e/ef/PPF_expansion.svgView on Boundless.com

  27. Inputs to Production: Labor, Natural Resources,... Oil Rig Oil is a natural resource that is traded in markets. When firms have positive net marginal productivity from using more oil, demand for oil will rise. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Oil platform P-51 (Brazil)."CC BYhttp://en.wikipedia.org/wiki/File:Oil_platform_P-51_(Brazil).jpgView on Boundless.com

  28. Inputs to Production: Labor, Natural Resources,... Wage Rate in the Long Run In the long run the supply of labor is fixed and demand is downward-sloping. The wage rate is determined by their intersection. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Factor compensation."CC BY-SAhttp://en.wikipedia.org/wiki/File:Factor_compensation.jpgView on Boundless.com

  29. Inputs to Production: Labor, Natural Resources,... Marginal Product of Labor The MPL falls as the amount of labor employed increases. The optimum demand for labor falls where the real wage rate (w/P) is equal to the MPL. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Fator."CC BY-SAhttp://en.wikipedia.org/wiki/File:Fator.jpgView on Boundless.com

  30. Inputs to Production: Labor, Natural Resources,... Scientists are Skilled Workers Scientists are skilled workers. Firms, such as pharmacutical companies, will hire more scientists if the marginal productivity is greater than the marginal cost. This will drive up demand for scientists, and therefore their wages. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Scientist looking thorugh microscope."CC BYhttp://commons.wikimedia.org/wiki/File:Scientist_looking_thorugh_microscope.jpgView on Boundless.com

  31. Inputs to Production: Labor, Natural Resources,... Wages and Productivity in the U.S. On a macroeconomic level, this graph shows the disconnect, beginning around 1975, between the productivity of labor and the wage rate in the U.S. If the economic theory were correct in the real world, wages and productivity would increase together. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."US productivity and real wages."Public domainhttp://commons.wikimedia.org/wiki/File:US_productivity_and_real_wages.jpgView on Boundless.com

  32. Inputs to Production: Labor, Natural Resources,... Total Factor Productivity Total output is not only a function of labor and capital, but also of total factor productivity, a measure of efficiency. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Angulus-Produktionshalle."GNU FDLhttp://commons.wikimedia.org/wiki/File:Angulus-Produktionshalle.jpgView on Boundless.com

  33. Inputs to Production: Labor, Natural Resources,... Factory Worker Most firms need a combination of both labor and capital in order to produce their product. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Solar wafer manufacturing | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/oregondot/3347740006/sizes/o/in/photostream/View on Boundless.com

  34. Inputs to Production: Labor, Natural Resources,... Trade Trade and comparative advantage are why factor prices are so important in determining what a country produces. Trade allows a country to produce only what is comparatively cheaper for them to manufacture because they can get everything else they need through trade. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."MercadodeSanJuandeDios."CC BY-SAhttp://en.wikipedia.org/wiki/File:MercadodeSanJuandeDios.jpgView on Boundless.com

  35. Inputs to Production: Labor, Natural Resources,... Backward Bending Supply While normally hours of labor supplied will increase with the wage rate, the income effect may produce the opposite effect at high wage levels. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Labour supply small."CC BY-SAhttp://commons.wikimedia.org/wiki/File:Labour_supply_small.pngView on Boundless.com

  36. Inputs to Production: Labor, Natural Resources,... Attribution • Wikipedia."returns to scale."CC BY-SA 3.0http://en.wikipedia.org/wiki/returns%20to%20scale • Wikipedia."Marginal product of labor."CC BY-SA 3.0http://en.wikipedia.org/wiki/Marginal_product_of_labor • Wikipedia."marginal product."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20product • Wikipedia."Marginal product of labor."CC BY-SA 3.0http://en.wikipedia.org/wiki/Marginal_product_of_labor • Wikipedia."diminishing marginal returns."CC BY-SA 3.0http://en.wikipedia.org/wiki/diminishing%20marginal%20returns • Wikipedia."marginal product."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20product • Wikipedia."Marginal revenue productivity theory of wages."CC BY-SA 3.0http://en.wikipedia.org/wiki/Marginal_revenue_productivity_theory_of_wages • Wikipedia."Factor Market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Factor_market_(economics) • MicroEcon201."Value of the Marginal Product."CC BY-SA 2.5http://microecon201.wikispaces.com/Value+of+the+Marginal+Product • Wikipedia."factor of production."CC BY-SA 3.0http://en.wikipedia.org/wiki/factor%20of%20production • Wikipedia."marginal revenue product."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20revenue%20product • Wikipedia."Labor Demand."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labor_demand • Wiktionary."capital."CC BY-SA 3.0http://en.wiktionary.org/wiki/capital • Wikipedia."marginal revenue product."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20revenue%20product • Wikipedia."marginal product."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20product • Wikipedia."Labour economics."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labour_economics • Microecon201."Value of the Marginal Product."CC BY 2.5http://microecon201.wikispaces.com/Value+of+the+Marginal+Product Free to share, print, make copies and changes. Get yours at www.boundless.com

  37. Inputs to Production: Labor, Natural Resources,... • Wikipedia."Union."CC BY-SA 3.0http://en.wikipedia.org/wiki/Union • Wikipedia."marginal product."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20product • Wikipedia."Labor demand."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labor_demand • Wikipedia."Labour economics."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labour_(economics) • Wikipedia."Wage."CC BY-SA 3.0http://en.wikipedia.org/wiki/Wage • Wiktionary."discrimination."CC BY-SA 3.0http://en.wiktionary.org/wiki/discrimination • Wiktionary."differential."CC BY-SA 3.0http://en.wiktionary.org/wiki/differential • Wikipedia."Economic discrimination."CC BY-SA 3.0http://en.wikipedia.org/wiki/Economic_discrimination%23Wage_discrimination • Wikipedia."Compensating differential."CC BY-SA 3.0http://en.wikipedia.org/wiki/Compensating_differential • Wiktionary."piece work."CC BY-SA 3.0http://en.wiktionary.org/wiki/piece_work • Wiktionary."commission."CC BY-SA 3.0http://en.wiktionary.org/wiki/commission • Wikipedia."Piece work."CC BY-SA 3.0http://en.wikipedia.org/wiki/Piece_work • Wikipedia."Performance-related pay."CC BY-SA 3.0http://en.wikipedia.org/wiki/Performance-related_pay • Wiktionary."marginal benefit."CC BY-SA 3.0http://en.wiktionary.org/wiki/marginal_benefit • Wikipedia."Factor market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Factor_market_(economics) • Wikipedia."marginal revenue product."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20revenue%20product • Wikipedia."Labour economics."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labour_economics • Wiktionary."normal good."CC BY-SA 3.0http://en.wiktionary.org/wiki/normal_good • Wiktionary."Opportunity cost."CC BY-SA 3.0http://en.wiktionary.org/wiki/Opportunity+cost Free to share, print, make copies and changes. Get yours at www.boundless.com

  38. Inputs to Production: Labor, Natural Resources,... • Wikipedia."Labor supply."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labour_supply • Wikipedia."Labor demand."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labor_demand • Wikipedia."Labor economics."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labour_Economics • Wiktionary."collective bargaining."CC BY-SA 3.0http://en.wiktionary.org/wiki/collective_bargaining • Wiktionary."strike."CC BY-SA 3.0http://en.wiktionary.org/wiki/strike • Wiktionary."minimum wage."CC BY-SA 3.0http://en.wiktionary.org/wiki/minimum_wage • Wikipedia."Trade union."CC BY-SA 3.0http://en.wikipedia.org/wiki/Trade_union • Wikipedia."Labor unions in the United States."CC BY-SA 3.0http://en.wikipedia.org/wiki/Labor_unions_in_the_United_States • Wiktionary."regressive."CC BY-SA 3.0http://en.wiktionary.org/wiki/regressive • Wikipedia."globalization."CC BY-SA 3.0http://en.wikipedia.org/wiki/globalization • Wiktionary."progressive."CC BY-SA 3.0http://en.wiktionary.org/wiki/progressive • Wikipedia."Economic inequality."CC BY-SA 3.0http://en.wikipedia.org/wiki/Economic_inequality • Wiktionary."inequality."CC BY-SA 3.0http://en.wiktionary.org/wiki/inequality • Wikipedia."Income inequality in the United States."CC BY-SA 3.0http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States • Wiktionary."capital."CC BY-SA 3.0http://en.wiktionary.org/wiki/capital • Wikipedia."Factors of production."CC BY-SA 3.0http://en.wikipedia.org/wiki/Factors_of_production%23Classical • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//business/definition/comparative-advantage • Wikipedia."Rybczynski theorem."CC BY-SA 3.0http://en.wikipedia.org/wiki/Rybczynski_theorem • Wikipedia."Heckscher-Ohlin model."CC BY-SA 3.0http://en.wikipedia.org/wiki/Heckscher-Ohlin_model%23Heckscher.E2.80.93Ohlin_theorem Free to share, print, make copies and changes. Get yours at www.boundless.com

  39. Inputs to Production: Labor, Natural Resources,... • Wikipedia."Comparative advantage."CC BY-SA 3.0http://en.wikipedia.org/wiki/Comparative_advantage • Wikipedia."marginal productivity."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20productivity • Wikipedia."Public good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_good • Wikipedia."Tragedy of the commons."CC BY-SA 3.0http://en.wikipedia.org/wiki/Tragedy_of_the_commons • Wikipedia."Marginal productivity theory."CC BY-SA 3.0http://en.wikipedia.org/wiki/Marginal_productivity_theory • Wikipedia."Dutch disease."CC BY-SA 3.0http://en.wikipedia.org/wiki/Dutch_disease • Wikipedia."Heckscher–Ohlin model."CC BY-SA 3.0http://en.wikipedia.org/wiki/Heckscher%E2%80%93Ohlin_model%23Conclusions • Wikipedia."Marginal product of labor."CC BY-SA 3.0http://en.wikipedia.org/wiki/Marginal_product_of_labor • Wikipedia."marginal productivity."CC BY-SA 3.0http://en.wikipedia.org/wiki/marginal%20productivity • Wikipedia."Comparative advantage."CC BY-SA 3.0http://en.wikipedia.org/wiki/Comparative_advantage • Wikipedia."Unskilled labor."CC BY-SA 3.0http://en.wikipedia.org/wiki/Unskilled_labor • Wikipedia."NAFTA."CC BY-SA 3.0http://en.wikipedia.org/wiki/NAFTA • Wikipedia."Heckscher-Ohlin model."CC BY-SA 3.0http://en.wikipedia.org/wiki/Heckscher-Ohlin_model%23Conclusions • Wikipedia."Marginal product of labour."CC BY-SA 3.0http://en.wikipedia.org/wiki/Marginal_product_of_labour%23Marginal_costs • Wikipedia."Comparative advantage."CC BY-SA 3.0http://en.wikipedia.org/wiki/Comparative_advantage • Wiktionary."capital market."CC BY-SA 3.0http://en.wiktionary.org/wiki/capital_market • Wikipedia."Capital market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Capital_market • Wiktionary."commodity."CC BY-SA 3.0http://en.wiktionary.org/wiki/commodity • Wikipedia."Green tax."CC BY-SA 3.0http://en.wikipedia.org/wiki/Green_tax%23Taxes_affected Free to share, print, make copies and changes. Get yours at www.boundless.com

  40. Inputs to Production: Labor, Natural Resources,... • Wikipedia."Public goods."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_goods • Wikipedia."Land rights."CC BY-SA 3.0http://en.wikipedia.org/wiki/Land_rights • Wikipedia."Commodity market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Commodity_market%23Regulatory_bodies_and_policies • Wikipedia."Commodity market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Commodity_market%23Traded_Commodity_Classes • Wikipedia."Swap (finance)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Swap_(finance) • Wikipedia."Futures contracts."CC BY-SA 3.0http://en.wikipedia.org/wiki/Futures_contracts • Wikipedia."Forward contract."CC BY-SA 3.0http://en.wikipedia.org/wiki/Forward_contract • Wikipedia."Commodity market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Commodity_market%23Commodities_exchange • Wikipedia."Commodities exchange."CC BY-SA 3.0http://en.wikipedia.org/wiki/Commodities_exchange • Wikipedia."Commodity market."CC BY-SA 3.0http://en.wikipedia.org/wiki/Commodity_market • mrski-apecon-2008 Wikispace."CHAPTER 18 .THE MARKETS FOR THE FACTORS OF PRODUCTION."CC BY-SA 3.0http://mrski-apecon-2008.wikispaces.com/CHAPTER+18+.THE+MARKETS+FOR+THE+FACTORS+OF+PRODUCTION+;) • Wikibooks."IB Economics/Development Economics/Sources of Economic Growth and/or Development."CC BY-SA 3.0http://en.wikibooks.org/wiki/IB_Economics/Development_Economics/Sources_of_Economic_Growth_and/or_Development%23Factors_Contributing_to_Development.2FGrowth • Wikibooks."A-level Economics/AQA/Markets and Market failure."CC BY-SA 3.0http://en.wikibooks.org/wiki/A-level_Economics/AQA/Markets_and_Market_failure%23Factors_of_Production • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//economics/definition/value-of-marginal-product-of-capital • Wikipedia."Production function."CC BY-SA 3.0http://en.wikipedia.org/wiki/Production%20function • Wikipedia."Production function."CC BY-SA 3.0http://en.wikipedia.org/wiki/Production_function • Wikipedia."Factor payments (economics)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Factor_payments_(economics) • mizan128 Wikispace."208346048."CC BY-SA 3.0http://mizan128.wikispaces.com/file/detail/L-9+Productivity,+output+and+employment.ppt/208346048 • ba5551 Wikispace."Productivity."CC BY-SA 3.0http://ba5551.wikispaces.com/Productivity Free to share, print, make copies and changes. Get yours at www.boundless.com

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