A country with a lot of land relative to its population may have a comparative advantage in:
A. capital-intensive activities.
B. labor-intensive activities.
C. technology-intensive activities.
D. land-intensive activities.
Answer: D
You might also like to view...
In the foreign exchange market, which of the following shifts the supply curve of dollars leftward?
A) The current exchange rate falls. B) The expected future exchange rate falls. C) The current exchange rate rises. D) The expected future exchange rate rises. E) None of the above answers is correct.
Purchasing a profitable supplier increases profit only if
a. You pay equal to the value of the company's inventory b. You pay higher than the value of the company's future profits c. You pay lower than the value of the company's discounted future profits d. You pay lower than the value of the company's undiscounted future profits
How were macroeconomic balances different in the period from 2000 to 2007 from past financial crises?
What will be an ideal response?
Which of the following is not a property of a competitive equilibrium?
A) markets clear. B) consumers and firms optimize given market prices. C) the government budget constraint is satisfied. D) increasing total factor productivity.