Technical advance involves ?

Related Mcqs:

Which of the following is not an assumption of Schumpeter’s stationary state ?

A. Perfect competition B. An economy below full employment C. No savings or technical change D. No entrepreneurial function is required...

According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?

A. created stationary economies of scale B. maintained the relationship between firms and their clients C. replaced price as the important D. limited the expansion of firms...

Capitalism is an economies system ?

A. based on government intervention in the means of production B. that originated in the United States in the 19th Century C. Where private owners of capital make decisions based on profit D. that dominated developing economies in the 19 Century...

Monopoly advantage is usually the result of greater opportunities such as ?

I- access to more economic information than competitors II- superior access to training and education III- a lower discount of future earnings IV- larger firm size A. I and II only B. II and III only C. I, II and III only D. I, II, III, and IV...

Which of the following was a socialist country ?

I- Holland II- Soviet Union III- China IV- India A. I and II only B. II and III only C. III and IV only D. I and IV only...