If Economists Wish to Determine Relative Factor Abundance Across Countries

question 12

Short Answer

If economists wish to determine relative factor abundance across countries, why don't they simply calculate w/r ratios across countries and then compare these ratios?

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Definitions:

Autonomy

The capacity to make an informed, uncoerced decision; in social contexts, it refers to the self-governance or independence of individuals or groups.

Higher Authority's Orders

Directives issued by individuals or bodies in higher positions of power or hierarchy, which are expected to be followed by those at lower levels.

Agentic State

The psychological condition in which an individual sees themselves as an agent executing orders, often used to explain obedience to authority figures.

Higher Authority

A position of power or control above others, often within an organizational or governmental structure.