A. capital increasingly replaces labor
B. technological change compensates for capital depletion
C. costs rise, leaving less capital for future investment
D. contingent valuation becomes critical
Related Mcqs:
- Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero marginal cost of study production. If ABC publishing engages in tying the two products its best strategy is to charge a combined price of ?
A. Rs 60
B. Rs 90
C. Rs 85
D. Rs 75 - Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero-marginal cost of study production. If ABC publishing charges separate price for both products its best strategy is to charge price that when combined, total ?
A. Rs 85
B. Rs 75
C. Rs 80
D. Rs 60 - The Harrod Domar growth model suggests that growth is ?
A. directly related to savings and inversely related to the capital/output ratio
B. directly related to the capital/output ratio and inversely related to savings
C. indirectly related to savings and the capital/output ratio
D. directly related to savings and the capital/output ratio - Land and natural resources are considered ?
A. capital accumulation
B. common property resources
C. non-producible
D. output - Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?
A. I and III only
B. II and III only
C. I, II and III only
D. I, II , III only IV - Wal-Mart owned Sam’s club is an example of a retail called a(n) ?
A. factory outlet
B. super specialty store
C. seconds store
D. warehouse club - In food demand growth equation D = Φ + a E, a is the income elasticity of demand for food E is the per capita income growth and Φ is ?
A. Poverty rates
B. food security index
C. change in the quantity of food demanded per capita
D. population growth - Economics in India Pakistan the Philippines and Mexico argue the foodgrain growth would not have kept up with population growth in the last four decades without ?
I- improved packages of high-yielding seed varieties
II- fertilizers, pesticides and irrigation
III- improved transportation
IV better extension serviceA. I and III only
B. II and III only
C. I, II and III only
D. I, II, III and IV - Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?
A. Hispanics and Asians
B. African Americans
C. Western Europeans
D. Middle Eastern - The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?
A. saving, investment
B. capital per person, productivity
C. labor growth, output
D. investment capital per person