A. total exploitation
B. labour/capital productivity
C. total factor productivity
D. total productivity
Related Mcqs:
- A capital account surplus might be expected to cause a current account deficit because the associated ?
A. capital outflow would cause the nation’s currency to depreciate contributing to a trade deficit
B. capital inflow would cause the nation’s currency to depreciate contributing to a trade deficit
C. capital inflow would cause the nation’s currency to appreciate contributing to a trade deficit
D. capital outflow would cause the nation’s currency to appreciate contributing to a trade deficit - The difference between the balance on current account and the balance on capital account is the ?
A. statistical discrepancy
B. balance of payments
C. balance of trade
D. trade deficit - Which of the following is not a major factor raising LDC agricultural labor productivity ?
A. new biological chemical mechanical inputs in production
B. new technical and organizational knowledge from greater specialization
C. expanded markets for agricultural output
D. massive government intervention - G. MacDougal compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the:
A. Ricardian theory of comparative
B. Heckscher Ohl in theory of comparative advantage
C. Linder theory of overlapping demand all of the above
D. None of these - The theoretical basis for zero marginal productivity of labor was the concept of ?
A. marginal rate of substitution
B. labor force literacy
C. substitution of leisure and work among labor
D. limited technical sustainability of factors - Gunnar Myrdal argues that a major barrier to high labor productivity is ?
A. due to a lack of education
B. a class system in which the elite are contemptuous of manual work
C. upper-and middle-class westerners
D. The lack of bargaining power y cheap labor - Labor productivity is higher in DCs such as Japan and Germany than LDCs due to ?
A. high formal education and training
B. better health and physical condition of the labor force
C. Both a and b are correct
D. None of the above is correct - Account is format banking, brokerage or business relationship established to provide for regular services. dealings and other financial transactions. Which of the following phenomenon(s) are also referred by term, Account ?
A. A precise list or enumeration of financial transactions
B. Money deposited for checking savings or breakage use
C. A customer having business or credit relationship with a firm
D. All of these - Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?
XA. wages and rents should fall in Country A
B. wages and rents should rise in Country A
C. wages should rise and rents should fall in Country A
D. wages should fall and rents should raise in Country A - one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?
A. quickly
B. slowly
C. very infrequently
D. instantly
