Suppose labor and capital are the only two factors of production. If Malaysia has 3% of the world’s capital resources and 1% of the world’s income, then Malaysia would be considered a. relatively more abundant in the land b. an emerging market economy c. a capital-abundant country d. a labor-abundant country

Suppose labor and capital are the only two factors of production. If Malaysia has 3% of the world’s capital resources and 1% of the world’s income, then Malaysia would be considered a. relatively more abundant in the land b. an emerging market economy c. a capital-abundant country d. a labor-abundant country

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter17: Development Economics

Section: Chapter Questions

Problem 14E

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