If We Measure Scarcity or Abundance Correctly, We Should

Multiple Choice

If we measure scarcity or abundance correctly, we should
Use the concept of "effective factor endowment." This
Means:

A) the actual factor endowment multiplied by the average productivity of workers compared with its share of world
GDP.
B) trying to find out how much labor and capital are really involved in producing goods competing with imports and
Exports.
C) measuring more effectively a nation's actual factor endowment.
D) the actual factor endowment of labor multiplied by the productivity of capital, because, effectively, the productivity
Of one depends on the quantity of the other.