Textile and clothing production is labor intensive, which means that… a. it tends to have higher labor productivity than capital intensive industries. b. it requires a large number of labor hours in proportion to other inputs. c. it relies on large capital investments. d. All of the above. e. it is concentrated in high-wage countries.

Textile and clothing production is labor intensive, which means that… a. it tends to have higher labor productivity than capital intensive industries. b. it requires a large number of labor hours in proportion to other inputs. c. it relies on large capital investments. d. All of the above. e. it is concentrated in high-wage countries.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 11P

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