For each statement below determine if it is true or false. Then briefly explain why.
For each statement below determine if it is true or false. Then briefly explain why.
(1) In Spain, the percentage decrease in labor employment for shoes exceeds the percentage decrease in capital employment.
(2) In Spain, the decrease in labor employment for shoes is exactly equal, in magnitude, to the increase in labor employment for T-shirts.
(3) MPL decreases in the T-shirts industry in Spain because labor employment increases for this industry.
(4) MPK increases for the shoes industry in Spain.
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