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Economics
MEDIUM
ENGLISH
Economics
Which of the following is True is LDCs ?
Labor is often underemployed, having a low alternative cost
Correct answer
B
It is cheaper to hire labor in LDC because its productivity is relatively higher than in DCs
Option B
C
Adapting existing Western technology to LDC conditions requires little creativity
Option C
D
Labor is usually considered the scarce factor
Option D
Correct answer: A
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