A Capital-Intensive Production Process Is One That

question 71

Multiple Choice

A capital-intensive production process is one that

• A)Has a high ratio of labor to capital.
• B)Has a high ratio of capital to labor.
• C)Is used only in the United States.
• D)All of the choices are correct.

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Definitions:

Telegraph

An outdated form of communication technology that transmits text messages over long distances through the use of coded signals.

Technological Innovations

Developments in technology that introduce new methods, ideas, or products that significantly improve upon the existing standards.

International Markets

Overseas markets where goods, services, and financial securities are traded or offered, creating a platform for global economic exchange and investment opportunities.

Steamship Design

The architectural planning and engineering process involved in creating steam-powered vessels, pivotal to the 19th-century transportation revolution.