Suppose that India produces jewelry & pharmaceuticals with the following fixed factor requirements: Machine-Hours Worker-Hours per unit per unit Jewelry 3 6 Pharmaceuticals 10 4 India is thinking of signing a free-trade agreement (FTA) with Australia. Prior to joining the FTA, the average price of jewelry is 15 rupees & the average price of pharmaceuticals is 42 rupees. After the FTA is signed, the prices will be 21 rupees (jewelry) & 30 rupees (pharmaceuticals). Calculate the Indian K/L ratios for jewelry & pharmaceuticals. Looking at the the pre- & post-FTA relative prices, can you tell if India is more or less labor-abundant than Australia? Explain