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Galadriel

I'm too lazy to think, so please help: which sector would have a greater elasticity of demand for labour, agriculture or mining?
Feb 14 2013 09:28 AM
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    Galadriel
    ok, I lie. I came to a conclusion, I just want to see if anyone agrees
    Feb 14 2013 09:30 AM
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    Keil
    On a global scale: mining. On a local scale: agriculture. Reasoning: no clue. I just remembering hearing it from a documentary about drugs.
    Feb 14 2013 09:40 AM
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    Cript
    Really tough but I think I'd go with agriculture since diminishing returns kicks in a lot faster there. Technically though it would depend on the type of mining and type of agriculture, no? Consider the amount of migrant workers employed by agriculture versus mining. If cheap workers disappeared from agriculture, those farms are likely going under. Mines are profitable enough to employ union workers so are less sensitive.
    Feb 14 2013 09:46 AM
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