Suppose That Home Has 20% of the World's Capital, 10

question 96

Multiple Choice

Suppose that Home has 20% of the world's capital, 10% of the world's skilled labor, and 30% of the world's unskilled labor and produces 20% of the world's GDP. What does this information suggest?

• A) only that Home is capital abundant
• B) only that Home is skilled-labor abundant
• C) only that Home is abundant in unskilled labor
• D) Home is not abundant in capital, skilled labor, or unskilled labor.

---

Definitions:

Mandatory Brainstorming Rules

Specific guidelines set to direct the brainstorming process, aiming to enhance creativity and participation, which are required to be followed.

Encourage Wild Ideas

The act of promoting unconventional or out-of-the-box thinking in brainstorming sessions or creative endeavors.

Probability

A numerical measure of the likelihood or chance that a specific event will occur.

Types of Probability

Different methodologies or approaches used to assess the likelihood or chance of specific events occurring, such as theoretical, experimental, and subjective probability.