Solved

When We Say That Wheat Is Labor Intensive with Respect

Question 5

Multiple Choice

When we say that wheat is labor intensive with respect to automobiles, this means that:


A) more capital is used in the production of automobiles than wheat.
B) less labor is used in the production of automobiles than wheat.
C) a lower capital-to-labor ratio is used in the production of automobiles than wheat.
D) a higher capital-to-labor ratio is used in the production of automobiles than wheat.
E) wheat can be produced more cheaply than automobiles.

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents