Multiple Choice
For textile production, the U.S.capital/labor ratio is 0.5 and China's capital/labor ratio is 0.02.This means that
A) the United States is the relatively capital scarce country.
B) China is the relatively labor scarce country.
C) China is the relatively capital abundant country.
D) the United States is the relatively capital abundant country.
Correct Answer:
Verified
Correct Answer:
Verified
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