As workforces become more educated in countries with comparative advantage in labor-intensive products,the comparative advantage for the production of those labor-intensive goods shifts:
A) toward other countries with less cheap labor relative to the other factors of production.
B) away from countries with more cheap labor relative to other factors of production.
C) toward other countries with more cheap labor relative to the other factors of production.
D) toward countries with more capital for production.
Correct Answer:
Verified
Q6: Voluntary exchanges generate:
A)surplus, leaving both participants better
Q17: For the most part,trade between many countries:
A)
Q18: Both countries can benefit from trade when:
A)
Q19: Voluntary exchanges between _ generates surplus.
A) firms
B)
Q23: If there are big gains to be
Q24: We might predict that Hawaii has a
Q24: An important determinant of comparative advantage is:
A)diversity
Q25: Over time,technology tends to:
A) set countries apart
Q33: A country is likely to have a
Q37: A country is likely to have a
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