What is the main difference between capital-intensive and labor-intensive methods of production?

• Type of industry

• Use of technology

• Scale of production

• Level of investment

When is it appropriate to use capital-intensive method of production?

• When large-scale production is required

• When flexibility and human skills are required

• When small-scale production is required

• When it is cheaper to use manual labour than machines

What is a disadvantage of capital-intensive method of production?

• Higher job opportunities

• Dependence on technology

• Lower productivity

• Higher labor costs

Which industry is likely to adopt labor-intensive methods of production?

• Manufacturing

• Agriculture

• Technology

• Finance

When is it appropriate to use labor-intensive method of production?

• When it is cheaper to use machines than manual labour

• When small-scale production is required

• When high levels of precision is required

• When large-scale production is required

What is an advantage of labor-intensive method of production?

• Lower job opportunities

• Workers can respond to customer feedback and modify products to suit them

• Higher productivity

• Dependence on technology

What is a disadvantage of labor-intensive method of production?

• Workers can respond to customer feedback and modify products to suit them

• Flexibility

• Lower productivity

• More job opportunities

What is a potential drawback of capital-intensive method of production?

• Higher job opportunities

• High initial investment

• Higher productivity

• Lower initial investment

Which industry is likely to adopt capital-intensive methods of production?

• Manufacturing

• Finance

• Technology

• All of the above

Germany is considered a capital-intensive economy while Indonesia is considered a labour-intensive economy. What does this mean about the economies of Germany and Indonesia? 

• Capital is relatively cheaper than labour in Germany while labour is relatively cheaper than capital in Indonesia. 

• Germany has many primary sector workers while Indonesia has many tertiary sector workers

• Germany has many primary sector workers while Indonesia has many tertiary sector workers. 

• Germany has many public sector workers while Indonesia has many private sector workers.