When We Compare the Factors of Production in Wealthy and Poor

question 85

Multiple Choice

When we compare the factors of production in wealthy and poor nations, we find:

• A) poor nations have plenty of land and knowledge, but very little labor.
• B) poor and wealthy nations (both) have an abundance of knowledge, it is the land that varies, with rich nations always having more.
• C) wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas.
• D) wealthy nations have land and labor, while poor nations have capital and entrepreneurship.

Evaluate the role of taxes in financing public goods and services.

Understand the role and impact of landmark legal decisions, such as Brown v. Board of Education, on civil rights and race relations in the United States.

Comprehend the cultural and economic characteristics of the 1950s in America, including consumerism, suburban growth, and the standard of living.

Recognize the significant events and figures of the Civil Rights Movement and their contributions to the advancement of civil liberties.

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