The use of large amounts of labor relative to capital in an ...

[jCorn1234]

The use of large amounts of labor relative to capital in an economy indicates:
 a. labor-intensive production.
 b. capital-intensive production.
 c. that wage rates will be relatively high.
 d. that hand-made goods are of better quality than machine-made goods.

Question 2

Private saving equals:
 a. Y - C - T + TR
  b. Y + C + T + TR
  c. Y + C + T - TR
  d. Y + C - T - TR

[shaikhs]

Answer to Question 1

a

Answer to Question 2

a

[jCorn1234]

TYSM

[kusterl]

Excellent