A country with relatively abundant supplies of labor is unlikely to have a comparative advantage in the production of labor intensive goods.

Question

Quizplus · Accepted Answer

A country with abundant supplies of labor is likely to have a comparative advantage in the production of labor-intensive goods. This is because the abundant labor supply lowers the cost of labor, making it more efficient and cost-effective to produce goods that require a significant amount of labor.

A Country with Relatively Abundant Supplies of Labor Is Unlikely