The use of large amounts of labor relative to capital in an economy indicates:
a. labor-intensive production
b. capital-intensive production.
c. that wage rates will be relatively high.
d. that hand-made goods are of better quality than machine-made goods.
a
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Exchange rate transactions that involve the immediate transfer of bank deposits are known as ________
A) backward transactions B) forward transactions C) spot transactions D) dog transactions
If technological breakthroughs in the internet cause large numbers of firms to consider investment projects they hadn't previously thought of, then
A) a shift in the supply of loanable funds will cause interest rates to rise. B) a shift in the supply of loanable funds will cause interest rates to fall. C) a shift in the demand for loanable funds will cause interest rates to rise. D) a shift in the demand for loanable funds will cause interest rates to fall. E) there will be an excess supply of loanable funds.