The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Developing countries can be expected to have a comparative advantage in industries requiring a relatively large amount of skilled labor.

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Developing countries can be expected to have a comparative advantage in industries requiring a relatively large amount of skilled labor.

Quizplus · Accepted Answer

The statement is incorrect as developing countries typically have a comparative advantage in industries requiring a relatively large amount of unskilled labor, as they have a large pool of low-skilled workers and lower wage rates.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity