A Country Is Likely to Have a Comparative Advantage in a Land-Intensive

question 123

Multiple Choice

A country is likely to have a comparative advantage in a land-intensive activity if it has a:

• A)lot of land relative to its population.
• B)large population relative to its landmass.
• C)higher opportunity cost of producing technology.
• D)large amount of capital equipment relative to its population.

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Definitions:

Education Credit Deduction

A tax benefit that reduces the amount of income tax owed by students or their families based on qualified education expenses, intended to decrease the cost of further education.

Qualified Expenses

Specific expenses that meet the criteria to be tax-deductible or eligible for tax credits.

Dependent

A person who relies on another, typically a family member, for financial support and qualifies for certain tax benefits on the supporter's tax return.

Tuition

The charge or fee for instruction, as at a private school or a college or university, often eligible for tax credits or deductions under certain conditions.