A Situation in Which One Nation Produces Good a Using

question 123

Multiple Choice

A situation in which one nation produces good A using labor more intensively (relative to capital) than good B while a second nation produces good A, using capital more intensively (relative to labor) than good B is called:

• A) a reversal of factor intensities.
• B) a paradox of factor intensities.
• C) backward technology.
• D) micro intensity.

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Definitions:

Medium

A means or channel of communication, such as television, radio, print, or digital platforms, through which information or messages are conveyed.

Economical

Pertaining to efficient and prudent use of resources, ensuring minimal waste and maximum value.

Planning Phase

The initial stage in a project or process where objectives are defined and strategies are developed.

Analyzing

The process of examining something in detail in order to understand it better or to draw conclusions from it.