When We Compare the Factors of Production in Wealthy Versus

Multiple Choice

When we compare the factors of production in wealthy versus poor nations, we find

A) poor nations have plenty of land and knowledge, but very little labor.
B) poor and wealthy nations (both) have an abundance of knowledge; it is the land that varies, with rich nations always having more.
C) wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas.
D) wealthy nations have land and labor, while poor nations have capital and entrepreneurship.