Multiple Choice
The use of large amounts of labor relative to capital in an economy indicates:
A) labor-intensive production.
B) capital-intensive production.
C) that wage rates will be relatively high.
D) that hand-made goods are of better quality than machine-made goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Exhibit 3-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-4
Q12: High wage countries like the United States
Q13: Exhibit 3-15 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-15
Q14: Exhibit 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-3
Q15: Which of the following will not shift
Q17: Which of the following is false?<br>A)A production
Q18: When economists speak of markets, they primarily
Q19: A devastating earthquake destroys ten percent of
Q20: A production possibilities curve will be concave
Q21: Exhibit 3-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5768/.jpg" alt="Exhibit 3-9