Question on: JAMB Economics - 1994
Unemployment can be reduced by?
A
restricting the productive base of the economy
B
adopting capital-intensive techniques of production
C
adopting labour-intensive techniques of production
D
adopting a mixture of labour and capital-intensive techniques of production
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Correct Option: C
Unemployment is reduced by creating more jobs. Labour-intensive techniques of production require more workers compared to capital-intensive methods. Therefore, adopting labour-intensive techniques helps reduce unemployment.
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