A country's effective factor endowment is defined as its:

a. actual factor endowment times factor productivity.
b. actual factor endowment times GDP.
c. effective factor endowment times factor productivity.
d. actual factor endowment divided by its factor productivity.

Ans: a. actual factor endowment times factor productivity.

Economics

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At $10,000 of disposable income, Audrey's consumption expenditure was $11,000. At $20,000 of disposable income, Audrey's consumption expenditure was $19,000. What is Audrey's marginal propensity to consume?

What will be an ideal response?

Economics

Workforce quality arguments are very difficult to prove for the period of 1970–1990 because during that period SAT scores

A. and graduation rates increased. B. increased and graduation rates decreased. C. and school attendance rates decreased. D. decreased and school attendance rates increased.

Economics