Multiple Choice
Figure 3.1China - US Trade Possibilities
-Considering Figure 3.1 which of the following would be true?
A) China has more of both labor and capital than the US.
B) The US has more of both labor and capital than China.
C) The US is relatively capital abundant and China is relatively labor abundant.
D) The US is relatively labor abundant and China id relatively capital abundant.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: The specific-factors theory analyzes the income distribution
Q27: What is the focus of the product
Q35: With economies of scale, specialization in a
Q128: Concerning the influence that transportation costs have
Q131: The imposition of government regulations (clean environment,workplace
Q135: Eli Heckscher and Bertil Ohlin are associated
Q137: The product-life-cycle model contends that when a
Q138: The magnification effect suggests that the change
Q138: According to the product life cycle model,comparative
Q142: According to Ricardian theory, comparative advantage depends