Q
Which of the following is True is LDCs ?
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A
A. Labor is often underemployed, having a low alternative cost
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B
B. It is cheaper to hire labor in ldc because its productivity is relatively higher than in dcs
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C
C. Adapting existing western technology to ldc conditions requires little creativity
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D
D. Labor is usually considered the scarce factor
Correct Answer:
A. A. Labor is often underemployed, having a low alternative cost
