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Economics

According to the human skills theory of comparative advantage, developing countries would be expected to have a(n)

Select one:

a. absolute advantage in industries requiring a large amount of unskilled labor.

b. absolute advantage in industries requiring a large amount of skilled labor.

c. comparative advantage in industries requiring a large amount of natural resources.

d. comparative advantage in industries requiring minimal use of unskilled labor.

e. comparative advantage in industries requiring a relatively large amount of unskilled labor.

After-transfers family income is the sum of

Select one:

a. nonmarket earnings, cash transfers, and the market-equivalent value of in-kind transfers.

b. market earnings and cash transfers.

c. market earnings and the market-equivalent value of in-kind transfers.

d. cash transfers and the market-equivalent value of in-kind transfers.

e. market earnings, cash transfers, and the market-equivalent value of in-kind transfers.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91237698

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