Reference no: EM13839441
1. According to the human skills theory of comparative advantage, developing countries would be expected to have a(n)
a. absolute advantage in industries requiring a large amount of unskilled labor.
b. absolute advantage in industries requiring a large amount of skilled labor.
c. comparative advantage in industries requiring a large amount of natural resources.
d. comparative advantage in industries requiring minimal use of unskilled labor.
e. comparative advantage in industries requiring a relatively large amount of unskilled labor.
2. After-transfers family income is the sum of
a. nonmarket earnings, cash transfers, and the market-equivalent value of in-kind transfers.
b. market earnings and cash transfers.
c. market earnings and the market-equivalent value of in-kind transfers.
d. cash transfers and the market-equivalent value of in-kind transfers.
e. market earnings, cash transfers, and the market-equivalent value of in-kind transfers.
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