Author Question: The use of large amounts of labor relative to capital in an economy indicates: a. labor-intensive ... (Read 150 times)

jCorn1234 · **on:** Jun 30, 2018

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