Which of the following would be most likely to improve the standard of living of the residents of a less-developed country? the development of strong labor unions O a sharp increase in the legal minimum wage an increase in expenditures on education and capital investment rapid growth rate of the money supply D Question 18 If nation A has a comparative advantage over nation B in the production of a product, this implies: it requires fewer resources in A to produce the good than in B. the cost of producing the good in terms of some other good's production that must be sacrificed is lower in A than in B that nation B could not benefit by engaging in trade with A O that nation A could not benefit by engaging in trade with B. D Question 19 Property rights allowing individuals to own goods, services, and factors of production are most important in; socialistic economies. planned economies. capitalistic economies. command economies