If country A is labor abundant relative to another country, then country A must have a larger labor force than the other country.
Correct Answer:
Verified
Q73: GDP per capita is positively correlated with
Q74: A capital-intensive good is one with a
Q75: A country will tend to have a
Q76: The factor-proportions theory predicts that the pattern
Q77: The factor-proportions theory predicts that the pattern
Q79: A country will have relatively lower costs
Q80: The capital-to-labor ratio is only important in
Q81: If a country is labor abundant, it
Q82: The factor-proportions theory was formulated by Adam
Q83: In the factor-proportions theory, both countries start
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents