Capital Formation, Investment Choice, Information Technology & Technical Progress Mcqs
Capital Formation, Investment Choice, Information Technology & Technical Progress Mcqs, this topic has 15 mcqs, It takes five to ten minutes to complete this free Capital Formation, Investment Choice, Information Technology & Technical Progress Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "Capital Formation, Investment Choice, Information Technology & Technical Progress Mcqs" MCQs and share with your friends, brothers, sisters.
Capital Formation, Investment Choice, Information Technology & Technical Progress Mcqs (Total Quiz: 15)
MCQ: In the 1980s economists studying the source of growth observed no positive relationship between information and communications technology (ICT) investments and productivity This is known as ?
- Solow residual
- productivity paradox
- technological followership
- Stieglitz discrepancies
B
MCQ: Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?
- price distortions
- consumer surplus
- shadow prices
- exchange rates
C
MCQ: An example of external diseconomies is ?
- scholarship for technical education
- R&D in robotics
- a new drug to cure AIDS
- environmental pollution
D
MCQ: Vaccinating people for measles, rubella, polio and cholera to substantially increase net social benefits by improving the health and productivity of the population is an example of ?
- economies of scale
- external economies
- negative externality
- net present value
B
MCQ: Which of the following is True is LDCs ?
- Labor is often underemployed, having a low alternative cost
- It is cheaper to hire labor in LDC because its productivity is relatively higher than in DCs
- Adapting existing Western technology to LDC conditions requires little creativity
- Labor is usually considered the scarce factor
A
MCQ: Which of the following is not True ?
- In 1990 the world had 98 mainline phones and 2 mobile phones per 1,000 people: in 2001 169 mainline and 153 mobiles per 1000
- Mobile phones do not require the massive infrastructure investment that mainline telephone require
- In 2001 the World information technology expenditures were about 1/20 of 1% of world gross investment
- In 2001 internet users per 1000 people in middle income countries were greater than high income countries
D
MCQ: Lack of absorptive capacity in developing countries results from ?
- inadequate government bureaucracy
- small size of infrastructure
- too few innovative entrepreneurs
- unsuitable technology
- All of the above are correct
E
MCQ: You can see the computer age everywhere but, in the productivity, statistics is a attributed to which economist ?
- Dale Jorgenson
- Joseph Stieglitz
- Robert Solow
- Theodore W. Schultz
C
MCQ: In the long run, expanding educational and training facilities, transportation and communication and other infrastructure in LDCs should increase ?
- productivity paradox
- absorptive capacity
- the residual
- uncertainly
B
MCQ: A case when internal economies of scale bring about a continuously falling average cost curve that makes having more than one firm in an industry inefficient is illustrative of ?
- a natural monopoly
- an LDC’s limit of one firm to an industry
- an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
- The existence of oligopoly
A