When a commodity is produced with low K/L ratio that commodity is ______ intensive commodity

Related MCQs

• ____________states that at constant commodity prices, an increase in the quantity of one factor increases the production of the commodity intensive in this factor and reduces the output of the other commodity which is intensive in the constant factor.
• A situation where one commodity is capital intensive in one country and labour intensive in another country is called
• If a commodity is classified as "labor-intensive" at one set of relative factor prices but "capital-intensive" at another set of relative prices, this situation is known as
• ------------theory states that countries which are rich in labour will export labour intensive goods and countries which are rich in capital will export capital intensive goods
• Countries H and F operate in an H-O world. Each country produces two goods, A and B. Good A is relatively capital intensive and country F is relatively labor abundant. Suppose however, that the production technology is not the same in the two countries. That is, H has a superior technology of production compared to F.
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• Which trade restriction stipulates the percentage of a product’s total value that must be produced domestically in order for that product to be sold domestically?
• Low real interest rates in the United States tend to:
• Under a system of floating Exchange rates, relatively low productivity and high inflation rates in the United States result in: