Write True or False to the Statements Below

question 127

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-According to the core-periphery model, the richest nations in the world are mostly located in the Northern Hemisphere.

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Definitions:

Capital-Intensive

A business process or industry that requires large amounts of capital investment in comparison to labor.

Average Product

The output per unit of a given input, typically labor, calculated by dividing total product by the quantity of that input.

Marginal Product

The additional output generated by adding one more unit of a particular input, holding all other inputs constant.

Profit-Maximizing

The process of adjusting production and sale strategies to achieve the highest possible profit.