Which of the following industries would be considered to have a capital intensive production process?
A. Farming in a poor country
B. Writing a novel.
C. Auto manufacturing
D. Art restoration.
Answer: C
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The table above gives a nation's production function. Which of the following is NOT an attainable combination of real GDP and labor?
A) real GDP of $4.0 trillion and labor of 90 billion hours per year B) real GDP of $4.7 trillion and labor of 110 billion hours per year C) real GDP of $4.0 trillion and labor of 70 billion hours per year D) real GDP of $5.2 trillion and labor of 90 billion hours per year E) real GDP of $5.5 trillion and labor of 150 billion hours per year
The figure above represents the demand and cost functions facing a Brazilian Steel producing monopolist. If it were unable to export, and was constrained by its domestic market, what quantity would it sell at what price?
What will be an ideal response?
A decrease in foreign real income would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
The largest category of capital-market instrument is
A) corporate stock. B) large-denomination negotiable certificates of deposit. C) U.S. government securities. D) commercial and consumer loans.