Which statement accurately describes labor conditions in Less Developed Countries (LDCs)?

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Labor is frequently underutilized and has a low opportunity cost.Hiring labor in LDCs is less expensive because workers are more productive than those in Developed Countries.Modifying Western technologies to suit LDC environments demands minimal innovation.Labor is typically regarded as the limited resource in LDCs.

Explanation

Option A is correct because in LDCs, labor is often underemployed and thus has a low alternative cost. Option B is incorrect since labor productivity in LDCs is generally lower than in Developed Countries. Option C is false because adapting Western technologies to LDC contexts often requires significant creativity. Option D is inaccurate because labor is usually abundant rather than scarce in LDCs.