The first figure shows the historical trends of wages relative to the cost of capital in England and France from the late sixteenth to the early nineteenth century; the second figure shows the wages relative to the price of energy in early 1700s in selected cities. Which statement is not suggested by the figures? 1.8 1.4 Wages relative to the cost of capital 0.9 - England - France 0.5 0 1580 1600 1620 1640 1660 1680 1700 1720 1740 1760 1780 1800 1820 Year 5 4 Labourer's daily wage/price of 1 million BTUs w O Newcastle, London Amsterdam Strasbourg, Paris Beijing England France Select one: O a. Workers were relatively more expensive to hire in England, compared to other countries O b. From the mid-seventeenth century on, workers in England became steadily more expensive to hire than capital goods O c. The price of capital may have been relatively lower in England than in France O d. Producers in France would receive extra profit by adopting a labour-saving technology