Country A is labor abundant relative to country B if it has a larger labor force than B's

Indicate whether the statement is true or false

FALSE
Explanation: The ratio of labor to capital determines abundance.

Economics

You might also like to view...

In the United States, the powers of eminent domain are put forth in the Fifth Amendment to the Constitution

Indicate whether the statement is true or false

Economics

Refer to Scenario 10-1. Based on the information above, what is the level of public saving?

A) $0 B) $1 trillion C) $2 trillion D) negative $1 trillion (a deficit of $1 trillion)

Economics