A is wrong **Question:** A nation has relative abundance of K if it has _______________- **A:** greater amount of K- **B:** smaller absolute amount of L- **C:** lower interest*Explanation:*This question explores the concept of a nation having a relative abundance of a resource, labeled as "K." The multiple-choice answers provide options that might indicate a condition for a nation to have relative abundance of K: either having a greater amount of K, a smaller absolute amount of another resource labeled as "L," or experiencing lower interest. Understanding the relationships between different resources and their availability can help in analyzing economic conditions and resource allocation strategies.

Answered: A nation has relative abundance of K if…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A is wrong

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The country tends to specialise in the production of goods which can be produced with its abundant factor. The comparative advantage theory is explained through the abundant of factors available in the economy.

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