Compared with industrialized economies, most developing countries are poor in the factors of production essential to modern industry: These factors are
A) capital and skilled labor.
B) capital and unskilled labor.
C) fertile land and unskilled labor.
D) fertile land and skilled labor.
E) water and capital.
A
Economics
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Refer to the given data. If government provides a per-unit subsidy of $2 to suppliers of this product, equilibrium price and quantity would be:
A. $9 and 3,000.
B. $7.50 and 2,250.
C. $8.50 and 2,750.
D. $7 and 3,000.
Economics
What happened to the peso when the Argentine government succumbed to the market forces in 2002?
A. Revalued B. Devalued C. Depreciated D. Appreciated
Economics