Multiple Choice
Consider a hypothetical economy in which only
Computers and shoes are produced and in which
Computer production is capital intensive as compared
With shoe production.If two resources are being used,
Labor and capital, then the capitallabor ratio would be:
A) higher in the shoe industry.
B) lower in the computer industry.
C) the same in both industries.
D) higher in the computer industry.
Correct Answer:

Verified
Correct Answer:
Verified
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