Refer to Figure 11-14. Consider the following statements:

a. For each country, the marginal product per dollar spent on labor equals to the marginal product per dollar spent on capital.
b. The price of labor is relatively higher in the United States than in China and the price of capital is relatively lower in the United States than in China.
c. The price of labor and the price of capital are relatively higher in the United States than in China.

Based on the figure, which of the statements above is true?
A) All of the statements are true. B) statements b and c only
C) statements a and c only D) statements a and b only


D

Economics

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A direct implication of the special interest theory of government is that _____

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Economics

A natural monopoly

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Economics