Consider the following data on the factor endowments of two countries, A and B. Reminder. In order to get full credit you must show ALL calculations!! Countries А В Labor Force 24 100 Capital Stock What is the capital/labor ratio in the country that is relatively capital abundant? Round to two decimal places. 70 92
Consider the following data on the factor endowments of two countries, A and B. Reminder. In order to get full credit you must show ALL calculations!! Countries А В Labor Force 24 100 Capital Stock What is the capital/labor ratio in the country that is relatively capital abundant? Round to two decimal places. 70 92
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Consider the following data on the factor
endowments of two countries, A and B.
Reminder. In order to get full credit you must
show ALL calculations!!
Countries
A B
Labor Force 24 100
Capital Stock
What is the capital/labor ratio in the country
that is relatively capital abundant? Round to
two decimal places.
70 92
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