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.Management Sciences
Category: Capital Formation, Investment Choice, Information Technology, And Technical Progress
Which of the following is not a nature public monopoly ?
A. mobile phone
B. electricity
C. water supply
D. postal service
An example of external diseconomies is ?
A. scholarship for technical education
B. R&D in robotics
C. a new drug to cure AIDS
D. environmental pollution
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. maximum capital absorption
B. factor price distortions
C. engineering mentality
D. intermediate technology
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. an LDC’s limit of one firm to an industry
C. an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
D. The existence of oligopoly
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
In the long run, expanding educational and training facilities, transportation and communication and other infrastructure in LDCs should increase ?
A. productivity paradox
B. absorptive capacity
C. the residual
D. uncertainly
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
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. 800
B. 40,000
C. more than zero but less than 800
D. less than zero
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
Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ?
A. price distortions
B. consumer surplus
C. shadow prices
D. exchange rates
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