Suppose that two countries have the following endowments of Labor and Capital. Country A: 40OOK 2000L Country B: 200OK 400L Which statement is true? O Country B has less Labor and is relatively Capital-Endowed. ) Country B has more Capital and is relatively Capital-Endowed. O Country A has more Labor and is relatively Capital-Endowed. ) Country A has less Capital and is relatively Capital-Endowed.

Suppose that two countries have the following endowments of Labor and Capital. Country A: 40OOK 2000L Country B: 200OK 400L Which statement is true? O Country B has less Labor and is relatively Capital-Endowed. ) Country B has more Capital and is relatively Capital-Endowed. O Country A has more Labor and is relatively Capital-Endowed. ) Country A has less Capital and is relatively Capital-Endowed.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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