Question
If two countries are alike in every respect except that one country has a lower capital-labor ratio then: a. the country with the lower capital-labor
If two countries are alike in every respect except that one country has a lower capital-labor ratio then:
a. the country with the lower capital-labor ratio will have a lower level of output per worker hour and a higher growth rate of output per worker hour.
b. the country with the lower capital-labor ratio will have a lower level of output per worker hour and a lower growth rate of output per worker hour.
c. the country with the higher capital-labor ratio will have a higher level of output per worker hour and a higher growth rate of output per worker hour.
d. the country with the higher capital-labor ratio will have a lower level of output per worker hour and a higher growth rate of output per worker hour.
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International Marketing
Authors: Philip Cateora
16th Edition
0073529974, 9780073529974
