A. natural resources
B. body of knowledge
C. land
D. quantity of labor
Related Mcqs:
- 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 - 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 - Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?
A. purchase; decrease
B. purchase; increase
C. sell; increase
D. sell; decrease - Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?
A. Yujiro Hayami
B. Raanan Weitz
C. Hans Singer
D. Tim Dyson - Julian simon ?
A. supported the Club of Rome’s Limits to Growth for estimating technical change
B. assumed that population growth causes technological progress
C. used the second law of thermodynamics to assume that technological progress is costless
D. assumed the classical view of technological change 6 - Simon’s model is consistent with ?
A. population self-sufficiency and constant economic growth
B. low fertility and mortality
C. a laissez-faire population policy
D. a constant returns to scale production function - A country’s capital stock is the ?
A. approximated investment minus actual investment
B. inflow of investment from abroad
C. sum of previous gross investment minus depreciation
D. difference between GDP and capital consumption - Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?
A. Hinterland
B. Country land
C. Dependent land
D. Parasite land - A country’s fundamental system of transportation, communications, and other aspects of its physical capabilities are called ?
A. Infrastructure
B. Basic structure
C. Fundamentals
D. Basic infrastructure - The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?
A. the vicious circle of poverty hypothesis
B. the dependency theory
C. neo-colonialism
D. the under-consumptionist hypothesis
