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All of the Following Statements Are True EXCEPT

question 7

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All of the following statements are true EXCEPT:


Definitions:

Capital/Labor Ratio

The capital/labor ratio is a measure used in economics to indicate the amount of capital relative to the quantity of labor used in the production process.

Labor Productivity

The measure of the economic output produced per unit of labor input.

U.S.

A country consisting of 50 states, a federal district, and various territories, known formally as the United States of America.

People's Republic Of China

A country in East Asia, the world's most populous nation, governed by the Communist Party of China.

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