If Agriculture Is a Capital-Intensive Industry in the United States

question 48

Multiple Choice

If agriculture is a capital-intensive industry in the United States and a labor-intensive industry in India, then:

• A) India should export agricultural goods to the United States.
• B) neither country will have an advantage in agricultural production.
• C) there is factor-intensity reversal in agricultural production between the two countries.
• D) it is difficult to determine which country is labor abundant.

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Definitions:

Random Assignment

Assigning participants to experimental and control groups by chance, thus minimizing preexisting differences between those assigned to the different groups.

Illusory Correlation

A cognitive bias in which a relationship between two variables is perceived to exist when in fact there is none or it is much weaker than assumed.

Dreams

Mental experiences during sleep, often containing imagery, thoughts, and emotions, which can range from mundane to deeply symbolic.

Future Events

Occurrences or situations that have not yet happened but are anticipated or expected to occur.