If a Good Is Capital Intensive It Means That the Good

question 60

Multiple Choice

If a good is capital intensive it means that the good is produced

• A) using capital as the only input.
• B) using capital such that the cost of capital is more than 50% of total cost.
• C) using capital such that the total cost of capital is greater than the total cost of labor.
• D) using relatively more capital than goods that are not labor intensive.
• E) using more capital per unit of output than goods that are not capital intensive.

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Definitions:

Arbitration

A method of dispute resolution in which an impartial third party, the arbitrator, makes a decision to resolve a dispute.

Intergroup Contact

A theory positing that under certain conditions, direct contact between members of different social groups can reduce prejudice and intergroup tension.

Conciliation

A conflict resolution strategy that involves bringing disputing parties together to find a mutually acceptable solution to their issues.

Distinctiveness-Based Illusory Correlation

A cognitive bias where individuals overestimate the association between unique or distinctive events and specific outcomes.