asked 114k views
3 votes
Which of the following represents land. labor-, and capital-intensive commodities, respectlvely?

A. Wheat, automobiles, and transistor radios
B. Clothing, aircraft, and automobiles
C. Corn, clothing, and aircraft
D. Automobiles, corn, and transistor radios

asked
User Beyamor
by
8.2k points

1 Answer

5 votes

Final answer:

Wheat, automobiles, and transistor radios represent land, labor, and capital-intensive commodities, respectively. The correct answer is A.

Step-by-step explanation:

Land, labor, and capital are the three main factors of production that contribute to the production of different commodities.

A. Wheat, automobiles, and transistor radios represent land, labor, and capital-intensive commodities, respectively. Wheat requires land and labor to grow, while automobiles require a significant amount of capital for production. Transistor radios also require capital for manufacturing.

Considering the definitions of land-, labor-, and capital-intensive commodities, option B correctly identifies clothing as labor-intensive, aircraft as capital-intensive, and corn as land-intensive.

The question asks us to identify which of the options represents land-, labor-, and capital-intensive commodities respectively. Here are the definitions:

Land-intensive commodities require a significant amount of land for production, such as agricultural products.

Labor-intensive commodities require a large amount of labor to produce, like handmade clothing.

Capital-intensive commodities require a substantial investment in equipment or infrastructure, for example, manufacturing automobiles or high-tech items like transistor radios.

Considering these definitions, the correct answer to the question is B: Clothing is labor-intensive, aircraft are capital-intensive, and corn is land-intensive.

answered
User Atif AbbAsi
by
7.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories