UGC NET Economics Q57

Question

Which of the following indicate that country "B" is capital abundant country? A. $(\frac{ ext{Total Capital}}{ ext{Total Labour}})_B > (\frac{ ext{Total Capital}}{ ext{Total Labour}})_A$ B. $(\frac{ ext{Total Capital}}{ ext{Total Labour}})_B < (\frac{ ext{Total Capital}}{ ext{Total Labour}})_A$ C. $(\frac{ ext{Price of Capital}}{ ext{Price of Labour}})_B < (\frac{ ext{Price of Capital}}{ ext{Price of Labour}})_A$ D. $(\frac{ ext{Price of Capital}}{ ext{Price of Labour}})_B > (\frac{ ext{Price of Capital}}{ ext{Price of Labour}})_A$ E. $(\frac{ ext{Total Labour}}{ ext{Total Capital}})_B > (\frac{ ext{Price of Capital}}{ ext{Price of Labour}})_A$ Choose the correct answer from the options given below :

Accepted Answer

C & E Only