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.

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Definitions:

Formal Work Plan

A detailed document outlining the objectives, strategies, and timelines for completing a project or task in a structured manner.

Seven Elements

A framework or model consisting of seven components that are considered essential for understanding or analyzing a particular domain or concept.

Part

A component or piece of a larger object, system, or mechanism that contributes to its function or structure.

Informational

Intended to provide information or knowledge about a topic, without necessarily persuading or entertaining the audience.