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a. Which of the following represents land-, labor-, and capital-intensive commodities, respectively? Wheat, automobiles, and transistor radios O Clothing, aircraft, and automobiles Com, clothing, and
a. Which of the following represents land-, labor-, and capital-intensive commodities, respectively? Wheat, automobiles, and transistor radios O Clothing, aircraft, and automobiles Com, clothing, and aircraft Automobiles, com, and transistor radios b. Distinctions between land, labor, and capital-intensive commodities are Important because when a country has an abundance of one type of resource, It usually does not have much of other resources. O for every one unit of capital-intensive commodities, two of land and labor must be present. an abundant supply of one type of resource gives a country a comparative cost advantage in products using that resource. these commodities must be present for growth to occur c. Distinctive products O provide an export niche for a country. O decrease production costs for a country. O increase production costs for a country. Olare the basis for international trade and specialization
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