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

Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: Production And Growth
Section12.2: Productivity: Its Role And Determinants
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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

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