Author Question: If a good is capital intensive it means that the good is produced A) using relatively more ... (Read 86 times)

Davideckstein7 · **on:** Jun 30, 2018

If a good is capital intensive it means that the good is produced

A) using relatively more capital than goods that are not labor intensive.
B) using capital as the only input.
C) using more capital per unit of output than goods that are not capital intensive.
D) using capital such that the total cost of capital is greater than the total cost of labor.
E) using capital such that the cost of capital is more than 50 of total cost.

Question 2

How would you define exchange control?

A) The government allocates foreign exchange through decree rather than through the market.
B) a country NOT pegging its exchange rate
C) a country pegging its exchange rate
D) a country buying up excess current account so that CA=0
E) a country restricting all foreign exchange