4 ms·
I agree that statement was poorly worded, but I think what they meant is that if a particular good is inefficiently produced, or rather, requires a large invest
by dkrich 15y ago
I agree that statement was poorly worded, but I think what they meant is that if a particular good is inefficiently produced, or rather, requires a large investment of human capital, that good is going to be more expensive than if the same good requires fewer workers. I believe that was a reference to the cost of health care.
- deleted 15y ago[deleted]