Multiple Choice
A capital-intensive production process is one that
A) Has a high ratio of labor to capital.
B) Has a high ratio of capital to labor.
C) Is used only in the United States.
D) All of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q66: Average living standards are best measured using<br>A)GDP.<br>B)The
Q67: Production processes that use a high ratio
Q68: The government intervenes in the economy to
Q69: Whenever technology advances,an economy can produce more
Q70: The United States has roughly how much
Q72: Economic growth<br>A)Is an increase in output or
Q73: The term externalities refers to<br>A)Only positive benefits
Q74: Education and training are examples of investment
Q75: According to the World View chart in
Q76: Government intervention is sometimes used to reduce