Ask Question
BusinessBusiness
1 August, 03:28

As a country's literacy rate and human capital capacity increase, the relative number of:

a. Labor-intensive production processes increases.

b. Capital-intensive production processes increases.

c. Sector service jobs decreases.

d. None of the choices are correct.

+3
Answers (2)
  1. 1 August, 04:35
    0
    Answer: b. Capital-intensive production processes increases.

    Explanation: As a country's literacy rate and human capital capacity increase, the relative number of capital-intensive production processes increases too. This is because, all things being equal, as the labor force accrues more human capital, they are supplied with more physical capital. The level of economic growth determines the amount of skilled labor needed, that leads to improved employment in various industries and higher GDP growth throughout the economy.
  2. 1 August, 06:05
    0
    B. Capital-intensive production processes increases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “As a country's literacy rate and human capital capacity increase, the relative number of: a. Labor-intensive production processes ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The baldwin company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. the expected salvage value at the end of 15 years is $4,090,000.
Answers (1)
Liquidity and Asset Management Ratios Oasis Products, Inc. has current liabilities = $11.7 million, current ratio = 1.60 times, inventory turnover ratio = 12.1 times, average collection period = 21 days, and sales = $119 million.
Answers (1)
Equipment was purchased for $60,000 on January 1, 2018. Related freight charges amounted to $2,800 and there was a cost of $8,000 for installing and testing the equipment.
Answers (1)
Select all that are examples of how prokaryotes are beneficial to humans. A. a bacteria causes Lyme disease B. bacteria that live in the intestines of vertebrate animals C. bacteria are used to clean up oil spills D.
Answers (1)
Businesses may not use false statements to convince you to buy a product. a. True b. False
Answers (1)
New Questions in Business
Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.
Answers (1)
Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.
Answers (1)
What are the pros and cons of Toyota's structure and what are the most important elements of Toyota's organizational structure?
Answers (1)
Which of the following is the best example of a perfectly competitive industry? a. wheat productionb. electricity productionc. steel productiond. airplane production
Answers (1)
Assume that we use a perpetual inventory system and that five identical units are purchased separately at the following four dates and costs: April 5 at $10, April 10 at $12, April 15 at $14, and April 20 at $16 April 20 $17.
Answers (1)
Home » Business » As a country's literacy rate and human capital capacity increase, the relative number of: a. Labor-intensive production processes increases. b. Capital-intensive production processes increases. c. Sector service jobs decreases. d.
Sign Up Forgot Password?