Use the Information Provided in Table 7 -Refer to Table 7

question 38

Multiple Choice

Use the information provided in Table 7.2 below to answer the question(s) that follow.
Inputs Required to Produce a Product Using Alternative Technologies
$\begin{array} { c c c } \hline \text { Technology } & \text { Units of Capital } & \text { Number of Employees } \\\hline \text { A } & 16 & 8 \\\text { B } & 12 & 12 \\\text { C } & 8 & 20 \\\text { D } & 6 & 24 \\\hline\end{array}$

-Refer to Table 7.2. Which technology is the most labor intensive?

• A) A
• B) B
• C) C
• D) D

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Definitions:

Tradeoff

An occurrence where obtaining a new quality or feature necessitates the relinquishment of another.

Pollution Reduction

The process or activities aimed at decreasing the amount of pollutants released into the environment.

Economics

The social science that studies the production, distribution, and consumption of goods and services, focusing on how individuals, businesses, governments, and nations make choices on allocating resources.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.