Question: What does a decrease in the capital-labour ratio mean? a) lower labour productivity, because more capital is available b) lower labour productivity, because labour works
What does a decrease in the capital-labour ratio mean?
a)
lower labour productivity, because more capital is available
b)
lower labour productivity, because labour works with relatively less capital
c)
higher labour productivity, because labour does more work
d)
higher labour productivity, because labour produces less capital and more of other goods
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
