Multiple Choice
A _______________ occurs when the relative prices of labor and capital change over time, which changes the relative mix of capital and labor in the production process of a commodity from being capital intensive to labor intensive (or vice versa)
A) factor-intensity reversal
B) demand bias for capital-intensive
C) factor-intensity trade barriers
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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