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JAMB Economics 1995 Question 34

Question 34

Theory of Production

When compared with a labour-intensive industry, a capital-intensive industry employs more

  1. A.workers than capital
  2. B.workers than machinery
  3. C.raw materials than capital
  4. D.machinery than workers.
Show the answer and explanation

Answer: D (machinery than workers.)

Explanation

A capital-intensive industry uses a high proportion of machines relative to workers.