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 ?

Related Mcqs:

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

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

Lack of absorptive capacity in developing countries results from ?

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

Which of the following is not True ?

A. 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 B. Mobile phones do not require the massive infrastructure investment that mainline telephone require C. In 2001 the World information technology expenditures were about 1/20 of 1% of world gross … Which of the following is not True ?Read More...

Which of the following is True is LDCs ?

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

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