Labor productivity is higher in DCs such as Japan and Germany than LDCs due to ?

Related Mcqs:

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

   A. total exploitation
   B. labour/capital productivity
   C. total factor productivity
   D. total productivity

2. Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?

   I- an externally dependent banking system
   II- a poorly developed securities market
   III- a low percentage of demand deposits divided by the total money supply
   IV- the relative insensitivity of investment and employment to monetary policies

   A. I and II only
   B. III and IV only
   C. I, II and III only
   D. I, II , III and IV

3. To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?

   A. an equality of trade position
   B. a favorable balance of trade
   C. a more open market
   D. a belief system

4. Imitating labor standards from rich countries in LDCs may increase ?

   A. equality
   B. poverty
   C. employment
   D. human development

5. Of the 57 million people dying worldwide in 2002, _____ were from stroke and heart disease and ________ from cancer disproportionately from DCs?

   A. 17 million, 7 million
   B. 7 million, 0.7 million
   C. 3 million, 1 million
   D. 0.5 million, 5 million

6. Due to Japan’s high saving rate, suppose that the Japanese invest abroad. This investment may result in a/an _______ of the Japanese yen and therefore a for Japan?

   A. appreciation; trade surplus
   B. appreciation; trade deficit
   C. depreciation; trade surplus
   D. depreciation; trade deficit

7. During the Great Depression workers in DCs who took inferior jobs as a result of being laid off were known as ?

   A. disguised unemployed
   B. cyclical unemployed
   C. seasonally unemployed
   D. voluntarily unemployed

8. 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

9. 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

10. 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