A technological innovation that increase the production while using the same capital input?

Related Mcqs:

The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?

A. Trade surplus B. Trade deficit C. Trade off D. None...

The part of economy which contains all govt. entities is called__________________?

A. Public sector B. Private sector C. Public utility D. None...

“All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?

A. Economic development theory B. Big Push theory of development C. Rostow’s development plan D. Harod Domes model...

A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?

A. Underemployment B. Frictional employment C. Temporary unemployment D. None of these...

The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?

A. Income effect B. Substitution effect C. Labour effect D. All...