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Question

How are goods and services produced in the global economy?A. Developing countries use less human capital but just as much physical capital as advanced economies.B. Emerging economies use more capital-intensive technology than do developing economies.C. Human capital in all economies is similar.D. Advanced economies use less capital than developing economies.

Answer

Advanced economies use less capital than developing economies.

  • Q: What is the difference between developing countries and advanced economies in terms of human and physical capital usage? A: Developing countries use less human capital but just as much physical capital as advanced economies.
  • Q: What is the difference between emerging economies and developing economies in terms of technology? A: Emerging economies use more capital-intensive technology than do developing economies.
  • Q: Is human capital similar in all economies? A: Human capital in all economies is not necessarily similar.
  • Q: How does capital usage differ between advanced and developing economies? A: Advanced economies use less capital than developing economies.