A Capital Intensive Production Process Is One in Which

question 69

Multiple Choice

A capital intensive production process is one in which:

• A) highly specialized capital is needed to produce the good.
• B) a part of the production process must be done by capital and cannot be substituted.
• C) a lot of capital is hired relative to the total inputs needed to produce the good.
• D) total costs will be minimized if capital is the primary factor of production used.

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Definitions:

Freely

Without restriction or limitation; able to act, speak, or think without being hindered or constrained.

Globality

The condition or quality of being global, emphasizing a comprehensive, worldwide perspective.

Transnational Processes

Activities and phenomena that cross national boundaries, involving interactions among people, businesses, and governments of different countries.

Neoliberal Capitalist Markets

Describes economic environments characterized by free markets, deregulation, privatization, and reduced government intervention in the economy.