Factor Endowments-The Cost and Quality of Factors of Production-Are a Prime

question 19

True/False

Factor endowments-the cost and quality of factors of production-are a prime determinant of the competitive advantage that certain countries have in certain industries.

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Definitions:

Deviation Bar Graphs

Graphical representations that use bars to show the variability or deviation of data points from an average value.

Positive And Negative Values

Refers to the desirable or undesirable characteristics or attitudes that an individual or society holds.

Limit

The maximum extent, quantity, or degree of something that is permissible or possible.

Segments

Various parts or sections into which something is divided, often used in marketing to denote different target market groups.