Consider a hypothetical economy in which onlycomputers and shoes are produced and in whichcomputer production is capital intensive compared withshoe production. If two resources are being used, laborand capital, then any increase in immigration in thelong run:
A. will cause the capitallabor ratio to increase in thecomputer industry.
B. will cause the capitallabor ratio to increase in theshoe industry.
C. will cause the capitallabor ratio to increase in boththe industries.
D. will increase the number of workers employed in theshoe industry
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Consider a hypothetical economy in which onlycomputers and shoes are produced and in whichcomputer production is capital intensive compared ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Consider a hypothetical economy in which onlycomputers and shoes are produced and in whichcomputer production is capital intensive compared withshoe production.