A combined measure of productivity that takes account of both labor and capital productivity is known as ?

Related Mcqs:

1. 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...

2. 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...

3. 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...

4. 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...

5. 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...

6. 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...

7. 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...

8. 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...

9. 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...

10. 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...