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According to the Rybczynski theorem, at constant prices if a country increases its endowment of capital then: a. Output of both capital intensive good and
According to the Rybczynski theorem, at constant prices if a country increases its endowment of capital then:
a. Output of both capital intensive good and the labor intensive good will rise.
b. Output of both capital intensive good and the labor intensive good will fall.
c. Output of capital intensive good will rise and the output of labor intensive good will fall.
d. Output of capital intensive good will fall and the output of labor intensive good will rise.
EXPLAIN WITH GRAPH
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