Capital-Intensive Production Techniques in the Developed World Save Labor and Increase

question 8

Multiple Choice

Capital-intensive production techniques in the developed world save labor and increase output.In less developed countries,what is the main impact of capital intensification?

• A) Governments are less responsive to the needs of the people.
• B) Workers are displaced, eliminating critically needed jobs.
• C) More of the budget is devoted to military spending.
• D) Standards of living are higher.
• E) Human capital increases.

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Definitions:

SBA Programs

Initiatives and services offered by the Small Business Administration to support and assist small business development and growth in the United States.

Set-Aside Program

Component of a government contract specifying that certain government contracts (or portions of those contracts) are restricted to small businesses and/or to women- or minority-owned companies.

Government Contracts

are agreements entered between companies and government entities for the provision of goods and services.

Qualifying Small Businesses

Refers to small businesses that meet specific criteria set by government or financial entities to be eligible for benefits or incentives.