As the Workforce in a Country with a Comparative Advantage

question 29

Multiple Choice

As the workforce in a country with a comparative advantage in labor-intensive products becomes more educated, cheap labor becomes:

• A)less abundant relative to skilled labor.
• B)more abundant relative to skilled labor.
• C)more abundant relative to capital.
• D)None of these are true.

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Definitions:

Elementary Level

A stage of education that typically includes kindergarten through sixth grades, focusing on basic academic learning and social development.

Achievement Levels

The measurable performance outcomes showing the extent of learning or competence acquired by an individual or group in specific areas.

Cohabitating Couples

Partners who live together in a committed relationship without being legally married.

Nonfamily Household

Living arrangements where individuals reside alone or with people to whom they are not related by blood, marriage, or adoption.