A. Capital saving technological process
B. Production intensive technique
C. Capital intensive technique
D. None
Related Mcqs:
- A process of production that uses a higher proportion of capital as compared to other factors of production ?
A. Capital intensive technique
B. Labour intensive technique
C. Both a and b
D. None of these - A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?
A. IMF
B. Islamic Bank
C. Commercial bank
D. None - A measure of average output or real output per unit of input is called____________________?
A. Efficiency
B. Production
C. Productivity
D. None - The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
A. Dumping
B. Subsidy
C. Inflation
D. Monopoly - Production possibility curve is always concave because ?
A. The curve gets steeper as we move downward
B. The marginal benefit decreases as more of a good is consumed
C. In reflects the law of increasing opportunity cost
D. Resources are scarce - Any point inside the production possibility curve represents ?
A. Unemployment
B. Failure to achieve productive efficiency
C. Both A. and B.
D. None of these - A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?
A. Speculation
B. Specialization
C. Spill over
D. anti dumping - Failure to achieve full production is called ?
A. Unemployment
B. Under employment
C. Unplanned
D. None - An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?
A. Declining industry
B. Decreasing cost industry
C. Both
D. None - Tax levied on production of specific product on quantity of product purchased ?
A. Sales tax
B. Excise tax
C. Income tax
D. All
