A. Solow residual
B. productivity paradox
C. technological followership
D. Stieglitz discrepancies
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Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?
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An example of external diseconomies is ?
A. price distortions
B. consumer surplus
C. shadow prices
D. exchange rates
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Vaccinating people for measles, rubella, polio and cholera to substantially increase net social benefits by improving the health and productivity of the population is an example of ?
A. scholarship for technical education
B. R&D in robotics
C. a new drug to cure AIDS
D. environmental pollution
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Which of the following is True is LDCs ?
A. economies of scale
B. external economies
C. negative externality
D. net present value
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Which of the following is not True ?
A. Labor is often underemployed, having a low alternative cost
B. It is cheaper to hire labor in LDC because its productivity is relatively higher than in DCs
C. Adapting existing Western technology to LDC conditions requires little creativity
D. Labor is usually considered the scarce factor
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Lack of absorptive capacity in developing countries results from ?
A. In 1990 the world had 98 mainline phones and 2 mobile phones per 1,000 people: in 2001 169 mainline and 153 mobiles per 1000
B. Mobile phones do not require the massive infrastructure investment that mainline telephone require
C. In 2001 the World information technology expenditures were about 1/20 of 1% of world gross investment
D. In 2001 internet users per 1000 people in middle income countries were greater than high income countries
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You can see the computer age everywhere but, in the productivity, statistics is a attributed to which economist ?
A. inadequate government bureaucracy
B. small size of infrastructure
C. too few innovative entrepreneurs
D. unsuitable technology
E. All of the above are correct
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In the long run, expanding educational and training facilities, transportation and communication and other infrastructure in LDCs should increase ?
A. Dale Jorgenson
B. Joseph Stieglitz
C. Robert Solow
D. Theodore W. Schultz