Which of the following policies might increase labor intensity in industry?
(a) a decline in the cost of credit
(b) a decline in the minimum wage rate
(c) a decline in the elasticity of substitution
(d) all of the above.
Answer: B
Which of the following policies might increase labor intensity in industry?
(a) a decline in the cost of credit
(b) a decline in the minimum wage rate
(c) a decline in the elasticity of substitution
(d) all of the above.
Answer: B