All Else Constant,the Choice of Whether to Use a Labor-Intensive

question 33

Multiple Choice

All else constant,the choice of whether to use a labor-intensive production process or a capital-intensive one is depends on:

• A)the absolute prices of capital and labor.
• B)the relative prices of capital labor.
• C)the type of market in which the firm operates.
• D)whether the economy is growing or shrinking.

---

Definitions:

Self-Esteem

Refers to an individual's subjective evaluation of their own worth or value.

Labor Market

The arena where employers seek potential employees who offer their services for wages, salaries, or other forms of compensation.

Participatory Research

A research approach involving cooperation between researchers and participants to co-create knowledge, emphasizing mutual benefit and shared decision-making.

Investigation

The systematic inquiry or study into something for the purpose of discovering or establishing facts and reaching new conclusions.