According to the Factor Endowment Theory,nations Heavily Endowed with Labor

question 53

Multiple Choice

According to the factor endowment theory,nations heavily endowed with labor will:

• A)import more labor intensive goods.
• B)export more labor intensive goods.
• C)have an absolute advantage in labor intensive goods.
• D)have a comparative advantage in capital intensive goods.

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Definitions:

Double-Blind Conflict

A situation in decision making where an individual is presented with two options, each with its own set of negative outcomes, leading to a no-win scenario.

Attractive And Unattractive Features

Traits or characteristics that determine or influence whether a person is found appealing or unappealing.

Demands

Conditions or requirements placed upon an entity or individual.

Expectations

Beliefs or forecasts about what will happen in the future based on past experience or evidence.