If a Good Is Labor Intensive It Means That the Good

question 29

Multiple Choice

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

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

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Definitions:

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A consistent and repeated sequence in behavior, events, or processes, indicating predictability and order.

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