A. is insufficient for solving the urban unemployment problem
B. will generate capital-intensive technologies
C. will generate more government revenue through urban wages
D. induces government to increase minimum wages
Related Mcqs:
- The stage is the product life cycle that focuses on expanding market and creating product awareness and trails is the ?
A. decline stage
B. introduction stage
C. growth stage
D. maturity stage - A group of modern economists who believe that institutional factors and confidence strongly influence business behaviour and that expanding demand will usually increase output rather than prices are the ?
A. monetarists.
B. keynesians
C. post-keynesians
D. new classical school - A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the ?
A. Keynesians
B. post-keynesians
C. monetarists
D. new classical school - In the long run, expanding educational and training facilities, transportation and communication and other infrastructure in LDCs should increase ?
A. productivity paradox
B. absorptive capacity
C. the residual
D. uncertainly - The industrial concentration ratio is the proportion of an industry’s output ?
A. produced by the three largest firms in the industry
B. produced in cement, machine tools and steel industries
C. and labor intensities relative to labor productivity
D. as a percentage of production and marketing - Higher export demand __________ output and a higher MPZ __________ output?
A. reduces, reduces
B. reduces, increase
C. increase, reduces
D. increases, increases - Short-run equilibrium output means that aggregate demand __________ actual output?
A. is less than
B. equals
C. is greater than
D. fluctuates around - An upward shift in marginal cost _____ output and an upward shift in marginal revenue ______ output?
A. reduces; reduces
B. reduces; increases
C. increases; increases
D. increases; reduces - Engineers for the All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases?
A. average costs to remain constant
B. average costs to decrease
C. average costs to increase
D. marginal costs to increase - Assume that firms in an oligopoly are currently colluding to set price and output to maximise total industry profit. If the oligopolists are forced to stop colluding, the price charged by the oligopolists will _________ and the total output produced will __________?
A. decrease; decrease
B. increase; decrease
C. decrease; increase
D. increase; increase
