Capital intensive technique would get chosen in a __________.
A. Labour surplus economy where the relative price of capital is lower.
B. Capital surplus economy where the relative price of capital is lower.
C. Developed economy where technology is better.
D. Developing economy where technology is poor.
Answer:B
Capital intensive technique would get chosen in a __________.
A. Labour surplus economy where the relative price of capital is lower. B. Capital surplus economy where the relative price of capital is lower. C. Developed economy where technology is better. D. Developing economy where technology is poor.