If comparative advantage in an industry is based mostly on the amount of education and training embodied in the work force, then we would say that the industry is:
A) unskilled-labor intensive.
B) physical-capital intensive.
C) human-capital intensive.
D) None of the above
E) all of the above

Question

Quizplus · Accepted Answer

The correct answer is C) human-capital intensive because the term "human capital" refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. An industry that relies heavily on the education and training of its workforce is considered human-capital intensive.

If Comparative Advantage in an Industry Is Based Mostly on the Amount