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Fofino [41]
4 years ago
14

Which of the following is true? a. Mutual gains could be realized if the United States specialized in producing food and South K

orea in producing clothing. b. Mutual gains could be realized if the United States specialized in clothing production and South Korea in food production. c. South Korean workers are the high-cost producers of clothing. d. None of the above are true.
Business
1 answer:
inna [77]4 years ago
5 0

Answer:

A) Mutual gains could be realized if the United States specialized in producing food and South Korea in producing clothing.

Explanation:

The United States has more available land for farming, while South Korea has many factories.

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Delivering healthcare goods and services requires several inputs in economic terms these inputs can be classified as either <u>labor</u><u> </u>or non-labor.

<h3>What are non-labor inputs?</h3>

Speaking from the perspective of the factors of production, on one hand, non-labor inputs refers to such inputs as:

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2 years ago
Monmouth Inc.'s stock has a 30% chance of producing a 20% return, a 30% chance of producing a 10% return, and a 40% chance of pr
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So by putting values, we have:

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