In the following diagram showing the relationship between the price of good X relative to the price of good (P_X/P_Y) and the wage rate relative to the return to capital or rental rate on capital (w/r), good X is the relatively __________ good at (w/r) values less than (w/r), and good X is __________ good at (w/r) values greater than (w/r). [Note: The (P_X/P_Y) associated with (w/r) is the highest (P_X/P_Y) on the graph.] A) labor-intensive; also the relatively labor-intensive B) labor-intensive; the relatively capital-intensive C) capital-intensive; the relatively labor-intensive D) capital-intensive; also the relatively capital-intensive

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The Answer of In the following diagram showing the relationship between the price of good X relative to the price of good (P_X/P_Y) and the wage rate relative to the return to capital or rental rate on capital (w/r), good X is the relatively __________ good at (w/r) values less than (w/r), and good X is __________ good at (w/r) values greater than (w/r). [Note: The (P_X/P_Y) associated with (w/r) is the highest (P_X/P_Y) on the graph.] A) labor-intensive; also the relatively labor-intensive B) labor-intensive; the relatively capital-intensive C) capital-intensive; the relatively labor-intensive D) capital-intensive; also the relatively capital-intensive

In the Following Diagram Showing the Relationship Between the Price