Economics WAEC

The higher the price of capital relative to the price of labour, the more production techniques should be?
The higher the price of capital relative to the price of labour, the more production techniques should be?The higher the price of capital relative to the price of labour, the more production techniques should be?

A. labour-intensive
B. capital-intensive
C. fixed
D. technology-intensive

Correct Answer:

Option A – labour-intensive

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5 years ago

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