Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

The Central Problem 'How to Produce' consists of technology which includes labour and _______ intensive techniques.

Options:

Resources

Services

Machines

Capital

Correct Answer:

Capital

Explanation:

The Central Problem 'How to Produce' consists of technology which includes labor and capital-intensive techniques. Labor-intensive techniques involve the use of a lot of labor, while capital-intensive techniques involve the use of a lot of capital, such as machines and equipment.