In Analyzing Factors of Production,Mexico

question 66

Multiple Choice

In analyzing factors of production,Mexico:

• A) has well-developed infrastructure and a skilled,inexpensive labor force.
• B) lacks natural resources,but has developed its labor resources.
• C) has an abundance of capital and a well developed infrastructure.
• D) has an abundance of natural resources,but lacks the communication system necessary to conduct international business.

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Definitions:

Income Statement

A financial document that reports a company's revenues, expenses, and profit over a specific period, showing its financial performance.

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity, operations, and financial health.

Asset Value

The monetary worth attributable to an asset, which could be based on market value, cost, or an appraisal method.

Disregarded

Overlooked or ignored; not given consideration or attention.