Which of the Following Is NOT TRUE About the Process

question 82

Multiple Choice

Which of the following is NOT TRUE about the process of capital intensification?

• A) is essentially the substitution of capital for labor
• B) is a long term trend under capitalism
• C) when firms seek to reduce costs and raise productivity by using machines instead of workers
• D) is most likely to be used when labor costs are low
• E) is most likely to be used when labor costs are high

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Definitions:

Checking Account

Money stored in an account at a bank or other financial institution that can be withdrawn without advance notice; also called a demand deposit.

Credit Union

A member-owned financial cooperative that provides traditional banking services, like loans and savings accounts, with profits returning to members in the form of reduced fees and higher savings rates.