Multiple Choice
In general, a labor-abundant country (such as China) tends to specialize in labor-intensive industry and export labor-intensive products, and imports capital-intensive products.This statement is an illustration of the ____________________________ of comparative advantage.
A) commodity terms of trade theory
B) supply and demand theory
C) factor-sourcing theory
D) factor endowment theory
E) relative advantage theory
Correct Answer:
Verified
Correct Answer:
Verified
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