
The basic idea behind the human skills theory of comparative advantage is that countries with a relatively abundant stock of highly skilled labor have
A) high wages and thus suffer a comparative disadvantage.
B) low wages and thus suffer a comparative disadvantage.
C) an absolute advantage in producing goods that require relatively large amounts of skilled labor.
D) a comparative advantage in producing goods that require relatively large amounts of skilled labor.
E) so much productivity relative to other countries that they have a comparative advantage in everything they produce.
Correct Answer:
Verified
Q28: Countries export goods in which they have
A)
Q29: In recent years, Chinese manufacturers have duplicated
Q30: Scenario 17.1
The data in the table tell
Q31: With regard to those goods that can
Q32: Which of the following concepts is irrelevant
Q34: According to the factor abundance theory of
Q35: According to the factor abundance theory of
Q36: Which of the following statements is false?
A)
Q37: According to the Ricardian model, differences in
Q38: Which of the following emphasizes that production
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