The factor endowments of a country are inherited and cannot be created.

Name: The factor endowments of a country are inherited and cannot be created.
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Question

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Classical economics suggests that factors of production such as land, labor, and capital are the building blocks that create usable consumer goods and services. However, companies in advanced nations seeking competitive advantage over firms in other nations create many of the factors of production, such as skilled human resources.

The Factor Endowments of a Country Are Inherited and Cannot