Solved

Statement I

Question 97

Multiple Choice

Statement I.We say that two resources are complements in production if an increase in one requires a decrease in the other.
Statement II.Capital and labor are both complementary resources and substitute resources.


A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions