Multiple Choice
Which of the following statements is false?
A) Poor countries tend to have a low K/L ratio.
B) Rich countries tend to have a high K/L ratio.
C) The K/L ratio is important in determining the productivity of labor.
D) The productivity of labor rises as the K/L falls.
E) The capital-to-labor ratio affects the composition of trade.
Correct Answer:
Verified
Correct Answer:
Verified
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