Suppose a Labor-Abundant Country, Exporting a Labor-Intensive Good, Experiences a Significant

question 18

Multiple Choice

Suppose a labor-abundant country, exporting a labor-intensive good, experiences a significant increase in its capital stock. This change in endowments can:

• A)lead to an immiserizing growth.
• B)lead to an increase in the export of labor-intensive goods by the country.
• C)lead to a reversal of the country's trade pattern.
• D)lead to reduced growth rates.

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Definitions:

Cognitive Training

A set of exercises designed to improve mental abilities such as memory, attention, and problem-solving through regular practice.

Intelligence

Postulated by some psychologists to represent the sum total of a person’s cognitive abilities and resources.

Dendrite Growth

The development and elongation of the branched projections of a neuron which help in transferring neural signals.