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balu736 [363]
3 years ago
6

When we compare the factors of production in wealthy and poor nations, we find: A. poor nations have plenty of land and knowledg

e, but very little labor.B. poor and wealthy nations (both) have an abundance of knowledge, it is the land that varies, with rich nations always having more.C.wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas.D. wealthy nations have land and labor, while poor nations have capital and entrepreneurship
Business
1 answer:
mafiozo [28]3 years ago
6 0

Answer:

C.wealthy nations have knowledge and entrepreneurial opportunities, while poor nations are often lacking in these areas

Explanation:

Factors of production includes:

1. Land - land includes all natural resources

2. Capital - includes machinery, tools used in the production of goods and services

3. Labour - includes all human effort expended in the production of goods and services

4. Entrepreneurship - coordinates all factors of production.

Poor countries have high levels of illiteracy, so they don't have an abundance of knowledge. Poor countries are usually overpopulated, so they usually have high Quanitity of labour.

On the other hand, rich countries have high literacy levels, so, they have an abundance of knowledge.

I hope my answer helps you

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An investment advisor has a client base composed of high net worth individuals. In her personal portfolio, the advisor has an in
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2 years ago
The long-run aggregate supply curve is vertical because: minimum wage sets the long-run wages. the price level is constant in th
mixas84 [53]

Answer:

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Explanation:

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2 years ago
Who would be a member of the American Dental Assocoiciation
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edge2020

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2 years ago
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Answer:

a. $11,000

b. $2,200

Explanation:

According to the cash basis accounting, the cash is recorded when actual cash is received

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