A National Characteristic That Affects the Cost of Producing Goods

question 35

Multiple Choice

A national characteristic that affects the cost of producing goods in a particular country is:

• A)natural resources and climate.
• B)endowment of factors of production.
• C)technology.
• D)All of these affect the cost of producing goods.

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Definitions:

Convergent Validation

The process of assembling diverse pieces of information that converge on a common conclusion.

Interjudge Agreement

The degree of consistency or accord in the assessments or ratings of different judges or observers.

Constructivism

The philosophical view that reality, as a concrete entity, does not exist and that only ideas (“constructions”) of reality exist.

Interjudge Agreement

The extent to which different judges or observers agree in their assessment or evaluation of a particular characteristic or trait.