Question

The capital-to-labor ratio is high in rich countries. the ratio of managers to workers. a key element in decreasing real wages. high in poor countries.

Answer 1

The capital-to-labor ratio is high in rich countries.

What is the capital-to-labor ratio?

The capital-to-labor ratio is the ratio of capital to labor. Capital include machineries needed for production and labor refers to workers that carry out production.

In rich countries, the capital-to-labor ratio is high because there are more capital available to labor compared to poor countries.

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