Question : The technique used where more of capital are used to produce goods and services.
Option 1: Labour-intensive
Option 2: Capital-intensive
Option 3: Both A and B
Option 4: None of the above.
Correct Answer: Capital-intensive
Solution : Capital-intensive techniques of production involves where more of capital are used to produce goods and services. Hence Option B is correct.
Question : The technique used where more of labour are used to produce goods and services.
Question : It involves deciding the technique of production to be used to produce goods and services?
Option 1: What to produce.
Option 2: How to produce
Option 3: For whome to produce
Question : It involves deciding the final combination of goods and services to be produced. Which economic problem is highlighted here?
Question : It involves selection of the category of people who will ultimately consume the goods.
Question : It refers to those industries which can produce machine tools and used for producing articles for current consumption.
Option 1: Consumer goods
Option 2: Final goods
Option 3: Capital goods
Option 4: Non-durable goods
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