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    Principles of Microeconomics
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    Exam 7: The Production Process: the Behavior of Profit-Maximizing Firms
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    Firms in an Economy with High Labor Costs Have an Incentive
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Firms in an Economy with High Labor Costs Have an Incentive

Question 34

Question 34

Multiple Choice

Firms in an economy with high labor costs have an incentive to use more ________ techniques.


A) labor-intensive
B) capital-intensive
C) capital-saving
D) labor-dependent

Correct Answer:

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