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Capital Formation, Investment Choice, Information Technology, And Technical Progress MCQs ( Economics ) MCQs – Economics MCQs

Capital Formation, Investment Choice, Information Technology, And Technical Progress MCQs ( Economics ) MCQs – Economics MCQs

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Latest Economics MCQs

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Latest Capital Formation, Investment Choice, Information Technology, And Technical Progress Mcqs ( Economics ) Mcqs

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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 ?

A. technological followership
B. productivity paradox
C. Solow residual
D. Stieglitz discrepancies

Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?

A. consumer surplus
B. price distortions
C. shadow prices
D. exchange rates

An example of external diseconomies is ?

A. R&D in robotics
B. scholarship for technical education
C. a new drug to cure AIDS
D. environmental pollution

Comparative GDP MCQs

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 ?

A. negative externality
B. external economies
C. economies of scale
D. net present value

Which of the following is True is LDCs ?

A. Labor is often underemployed, having a low alternative cost
B. Adapting existing Western technology to LDC conditions requires little creativity
C. It is cheaper to hire labor in LDC because its productivity is relatively higher than in DCs
D. Labor is usually considered the scarce factor

Which of the following is not True ?

A. Mobile phones do not require the massive infrastructure investment that mainline telephone require
B. 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
C. In 2001 the World information technology expenditures were about 1/20 of 1% of world gross investment
D. In 2001 internet users per 1000 people in middle income countries were greater than high income countries

Lack of absorptive capacity in developing countries results from ?

A. inadequate government bureaucracy
B. unsuitable technology
C. too few innovative entrepreneurs
D. small size of infrastructure
E. All of the above are correct

You can see the computer age everywhere but, in the productivity, statistics is a attributed to which economist ?

A. Joseph Stieglitz
B. Dale Jorgenson
C. Robert Solow
D. Theodore W. Schultz

In the long run, expanding educational and training facilities, transportation and communication and other infrastructure in LDCs should increase ?

A. the residual
B. absorptive capacity
C. productivity paradox
D. uncertainly

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. a natural monopoly
B. The existence of oligopoly
C. an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
D. an LDC’s limit of one firm to an industry

Which of the following is not a nature public monopoly ?

A. mobile phone
B. water supply
C. electricity
D. postal service

Suppose a project results in a net stream of $200 per year for 4 years, but nothing thereafter, Assume that the discount rate is 5 percent. The discounted value of the total income stream over the 4-year period is ?

A. 40,000
B. 800
C. more than zero but less than 800
D. less than zero

he efficiency wage is the ?

A. wage rate that prevails in LDCs
B. wage costs per unit of output
C. Wage rate divided by the productivity of labor
D. marginal product of labor divided by wage

James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?

A. factor price distortions
B. maximum capital absorption
C. engineering mentality
D. intermediate technology

Canada France, Germany, Italy, Japan, The United Kingdom and United States are ?

A. G-7 countries
B. countries with decreasing TFP growth since 1990s
C. countries with highest productivity growth in the world since 1960
D. countries with the lowest information technology equipment and software index prices

Capital Formation, Investment Choice, Information Technology, And Technical Progress MCQs ( Economics ) MCQs – Economics MCQs