JAMB Economics 2018 Objective — Question 24

Question 24 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.

One of the advantages of using a labour intensive strategy of production is that

A. Labour is expensive
B. Capital is cheap
C. Labour is cheapCorrect
D. Capital is surplus

Explanation

A labour-intensive strategy is advantageous where labour is cheap relative to capital, as is typical in developing economies.

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