Question

Grettzee, a musical instruments manufacturing company, imports high-quality maple wood from Resumbro, a South Asian country where maple is found in abundance. Which of the following is most likely to have influenced Grettzee's decision to import raw materials from Resumbro_____________.

Answer 1

Answer:

Access to factors of production

Explanation:

Factors of production refers to all the resources that are needed in order to create goods or services. Generally, factors of production are divided into 4 category:

-Land

- Labor

- Capital

- Entrepreneurial skill

The woods that needed as raw materials from the text above is included as a part of 'land' . Since Resumbro have closer access to this resources, it will be cheaper for them to produce that materials, and it will be cheaper for Grettzee to buy it from another place .