If Gambinia Has Many Workers but Very Little Land and Even

question 26

Multiple Choice

If Gambinia has many workers but very little land and even less productive capital, then, following the Heckscher-Ohlin model, we predict that Gambinia will export

• A) capital-intensive goods.
• B) labor-intensive goods.
• C) both labor- and land-intensive goods.
• D) both capital- and land-intensive goods.
• E) land-intensive goods.

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Definitions:

Significant Differences

A term used in statistics to indicate that the differences observed between groups or variables are unlikely to have occurred by chance.

Generalize Findings

The process of applying the results of a study or conclusion beyond the specific contexts or participants studied.

Descriptive Statistics

Statistical methods that summarize or describe a collection of data using measures such as mean, median, and mode.

Population Parameters

Quantitative characteristics or metrics of a population, such as mean, variance, or standard deviation.