Production Processes That Use a High Ratio of Capital to Labor

question 67

Multiple Choice

Production processes that use a high ratio of capital to labor inputs are referred to as

• A)Labor-intensive.
• B)Production-intensive.
• C)Capital-intensive.
• D)Factor-intensive.

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Definitions:

Mere Exposure Effect

A psychological phenomenon where individuals develop a preference for things simply because they are familiar with them.

Proximity

The physical closeness or distance between two points or objects, often influencing the relationship or interaction between them.

Similarity

The state or fact of being alike or having common features, which can lead to the grouping of objects or ideas in cognitive processes.

Physical Attractiveness

The degree to which a person's physical features are considered aesthetically pleasing or beautiful by others.