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In a capital-intensive industry, the capital/labor ratio will: rise as the wage/rental ratio falls. ( Incorrect ) fall as the wage/rental ratio falls. ( True
In a capital-intensive industry, the capital/labor ratio will:
- rise as the wage/rental ratio falls. (Incorrect)
- fall as the wage/rental ratio falls. (True Answer Correct)
- rise as the country's capital stock rises. (Incorrect)
- fall as the country's capital stock falls. (Incorrect)
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