When We Compare the Factors of Production in Wealthy and Poor

question 85

Multiple Choice

When we compare the factors of production in wealthy and poor nations, we find:

• A) poor nations have plenty of land and knowledge, but very little labor.
• B) poor and wealthy nations (both) have an abundance of knowledge, it is the land that varies, with rich nations always having more.
• C) wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas.
• D) wealthy nations have land and labor, while poor nations have capital and entrepreneurship.

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Definitions:

Maori

The Indigenous Polynesian people of mainland New Zealand, known for their rich culture and history.

New Zealand

is an island country in the southwestern Pacific Ocean, known for its indigenous Maori culture, picturesque landscapes, and as a location for the filming of the "Lord of the Rings" series.

Matrilineal Descent

Descent traced exclusively through the female line of ancestry to establish group membership.

Husband And Wife

A legally recognized partnership, typically involving a man and a woman in a committed intimate relationship, forming the basis of a family unit.