Multiple Choice
If the U.K. is labor abundant (capital scarce) and Nigeria is capital abundant (labor scarce) , which of the following statements is true?
A) The U.K. would tend to have a comparative advantage in capital-intensive products.
B) Nigeria would tend to have a comparative advantage in labor-intensive products.
C) The U.K. would tend to import capital-intensive products.
D) Nigeria would tend to import capital-intensive products.
E) All of the above
Correct Answer:

Verified
Correct Answer:
Verified
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