A national characteristic that affects the cost of producing goods in a particular country is:

Question

Quizplus · Accepted Answer

Natural resources and climate, endowment of factors of production, and technology are all national characteristics that can influence the cost of producing goods in a country. Natural resources and climate can affect the availability and cost of raw materials and energy. Endowment of factors of production, such as skilled labor and capital, can affect the efficiency and productivity of production. Technology can affect the efficiency and productivity of production as well as the cost of inputs and outputs. Therefore, all three factors can contribute to the cost of producing goods in a particular country.

A National Characteristic That Affects the Cost of Producing Goods