Question

In deciding How to Produce the economy should consider.
a) Labour intensive techniques c) Capital intensive techniques
b) Both (a) and (c)
d) Neither (a) nor (c)

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Answer 1

Answer:

CORRECTLY ANSWER IS (B) BOTH A AND B

Explanation:

ANSWER

If the question for "How to produce?" is faced by the economy they should consider both labour intensive techniques as well as capital intensive techniques depending upon the available resources in the economy.

Answer 2

Answer (B) Both (a) and (c)

To produce the economy we should consider labour intensive techniques and capital intensive techniques.