Multiple Choice
A decrease in the capital-labor ratio would result in:
A) higher labor productivity because labor does more work.
B) lower labor productivity because labor is working with relatively less capital.
C) higher labor productivity because labor is producing less capital and more of other goods.
D) lower labor productivity because more capital is available.
E) higher labor productivity because more capital is available.
Correct Answer:
Verified
Correct Answer:
Verified
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