Homework Answers
Find the capital labour ratio in both the countries
Capital labour ratio of country A = 50000 / 200000 = 0.25
Capital labour ratio of country B = 100000 / 300000 = 0.33
This shows that country B related to country A is capital abundant as it has a higher capital labour ratio.
Third option is correct. Country A is labour abundant.
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Please answer this question!!! Price Quantity demanded Quantity supplied 300,000 250,000 200,000 150,000 100,000 50,000 0...
Please answer this question!!!
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Please answer this question!!!
Price Quantity demanded Quantity supplied 300,000 250,000 200,000 150,000 100,000 50,000 0 $1,00020,000 $900 $800 $700 $600 $500 $400 40,000 60,000 80,000 100,000 120,000 140,000 Select the policy or policies that represent binding price controls. a price ceiling set at $900 a price floor set at $900 a price floor set at $500 a price ceiling set at $500
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