National characteristics that affect the cost of producing goods in a particular country include all of the following except:

Question

Quizplus · Accepted Answer

Proper government oversight of production is not a national characteristic that affects the cost of producing goods. It is more of a policy or regulatory issue. On the other hand, natural resources and climate, endowment of factors of production, and technology are national characteristics that directly impact the cost of producing goods in a country.

National Characteristics That Affect the Cost of Producing Goods in a Particular