Use the information provided in Table 7.1 below to answer the question(s) that follow. 
 Table 7.1Inputs Required to Produce a Product Using Alternative Technologies Refer to Table 7.1. Which technology is the most labor intensive?

A. A
B. B
C. C
D. D

Answer: A

Economics

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The rate of product transformation refers to

a. how a consumer can trade one good for another while still maximizing his or her utility. b. how a firm can substitute one input for another and still maintain the same production level. c. how production of one good can be substituted for another while still using a fixed supply of inputs efficiently. d. how quickly a firm can produce a final good while starting with only natural resources.

Economics

Choices made by economic decision makers

a. are government decisions only b. are the primary focus of economics c. are not important in economic analysis d. occur infrequently e. do not involve ordinary citizens

Economics