When is relatively scarce, methods of production will be relatively less expensive. a. Capital; capital-intensive.

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When ______ is relatively scarce, ______ methods of production will be relatively less expensive.

a. Capital; capital-intensive.

b. Capital; labor-intensive.

c. Labor; capital-intensive.

d. Labor; labor-intensive.

e. Both capital; labor-intensive and labor; capital-intensive are true.

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 16, 2023 12:03 AM

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When ______ is relatively scarce, ______ methods of production will be relatively less expensive. a. Capital; capital-intensive.

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Exploring Economics

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When is relatively scarce, methods of production will be relatively less expensive. a. Capital; capital-intensive.