A Country Would Have a Comparative Advantage in a Good

question 21

Multiple Choice

A country would have a comparative advantage in a good if its production is

• A)capital intensive and the country is capital abundant.
• B)capital intensive and the country is labor abundant.
• C)labor intensive and the country is capital abundant.
• D)capital intensive but the country is neither capital nor labor abundant.
• E)labor intensive but the country is neither capital nor labor abundant.

---

Definitions:

Confidence Interval

A variety of values, sourced from sample statistics, with a high likelihood of containing an undetermined population parameter's value.

Sample Size

The number of observations or elements selected from a population to be analyzed.

Population Mean

The average of a set of values in an entire population, representing the central tendency of the population.

Interval Estimate

An estimation that specifies a range within which a parameter lies, providing an interval believed to encompass the true value of that parameter.