Capital Formation, Investment Choice, Information Technology, And Technical Progress

Which of the following is not a nature public monopoly ?

A. mobile phone
B. electricity
C. water supply
D. postal service

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Suppose a project results in a net stream of $200 per year for 4 years, but nothing thereafter, Assume that the discount rate is 5 percent. The discounted value of the total income stream over the 4-year period is ?

A. 800
B. 40,000
C. more than zero but less than 800
D. less than zero

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he efficiency wage is the ?

A. wage costs per unit of output
B. wage rate that prevails in LDCs
C. Wage rate divided by the productivity of labor
D. marginal product of labor divided by wage

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James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?

A. maximum capital absorption
B. factor price distortions
C. engineering mentality
D. intermediate technology

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Canada France, Germany, Italy, Japan, The United Kingdom and United States are ?

A. G-7 countries
B. countries with highest productivity growth in the world since 1960
C. countries with decreasing TFP growth since 1990s
D. countries with the lowest information technology equipment and software index prices

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