Explain Whether the Following Statements Are True or False

question 175

Essay

Explain whether the following statements are true or false.
(A)Although a country can have an absolute advantage in the production of all goods,a country cannot have a comparative advantage in the production of all goods.
(B)A country with a relatively high capital labor ratio is capital intensive.
(C)The theory of comparative advantage explains why all trade takes place.

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Definitions:

Workforce

The workforce consists of all the people engaged in or available for work, either in a country or in a particular company or industry.

Women in Their 50s and Older

A demographic group facing unique life transitions and challenges, often including menopause and shifts in familial and social roles.

Men in Their Early 20s and 30s

A demographic group often focusing on career development, personal identity exploration, and establishing significant relationships.

Men in Their 50s and Older

This term refers to the demographic group of adult males aged fifty years and above, often considered in studies related to aging, health, and sociological trends.