Textile and clothing production is labor intensive, which means that… a. it tends to have higher labor productivity than capital intensive industries. b. it requires a large number of labor hours in proportion to other inputs. c. it relies on large capital investments. d. All of the above. e. it is concentrated in high-wage countries.
Textile and clothing production is labor intensive, which means that… a. it tends to have higher labor productivity than capital intensive industries. b. it requires a large number of labor hours in proportion to other inputs. c. it relies on large capital investments. d. All of the above. e. it is concentrated in high-wage countries.
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 11P
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Textile and clothing production is labor intensive, which means that…
a. it tends to have higher labor productivity than capital intensive industries.
b. it requires a large number of labor hours in proportion to other inputs.
c. it relies on large capital investments.
d. All of the above.
e. it is concentrated in high-wage countries.
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