Use the information provided in Table 7.2 below to answer the question(s) that follow.
Table 7.2Inputs Required to Produce a Product Using Alternative Technologies
Refer to Table 7.2. Which technology is the least labor intensive?
A. A
B. B
C. C
D. D
Answer: A
You might also like to view...
In a simple economy without government or foreign trade, any income not consumed is called
A) net investment. B) depreciation. C) saving. D) investment.
Figure 11-1
?
In Figure 11-1, what can be concluded about the economy if production moves from Point D to Point A?
A. An improvement of calculator technology B. An increase in resources for producing other goods C. A reduction in the need for calculators in the economy D. A more equal distribution of resources in the economy
Which of the following is not an example of in-kind transfers?
a. food stamps b. Medicaid c. the Earned Income Tax Credit d. housing vouchers
Laura's total utility from consuming 8, 9, and 10 bonbons is 35, 42, and 45, respectively. Her marginal utility from the 9th bonbon is ________.
A. 77 B. 42 C. 4.67 D. 7