Question 17
MediumOriginal questionDeciding whether to use more labour or more machines to make cloth is the problem of
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
'How to produce' is the choice of technique: labour-intensive or capital-intensive.
The good (cloth) is already chosen, so 'what' is settled; the open question is the method.
- Concept
- Choice of technique
- Typical timeTypical
- 70 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Central Problems & the PPC, at your own pace.