True/False
If country A is labor abundant relative to another country, then country A must have a larger labor force than the other country.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q35: If a country is labor abundant, it
Q36: Labor-abundant countries tend to export labor-intensive goods.
Q37: A country that is capital abundant relative
Q38: If a factor of production cannot easily
Q39: Which factor stands to gain most from
Q41: Trade Adjustment Assistance is common in other
Q42: The factor-proportions theory of international trade implies
Q43: The abundance of a particular factor of
Q44: Discuss how international trade tends to change
Q45: Suppose that Bolivia is labor abundant, and