A. Solow residual
B. productivity paradox
C. technological followership
D. Stieglitz discrepancies
Capital Formation, Investment Choice, Information Technology, And Technical Progress
he efficiency wage is the ?
A. wage costs per unit of output
B. wage rate that prevails in LDCs
C. Wage rate divided by the productivity of labor
D. marginal product of labor divided by wage
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
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 investment
D. In 2001 internet users per 1000 people in middle income countries were greater than high income countries
Which of the following is not a nature public monopoly ?
A. mobile phone
B. electricity
C. water supply
D. postal service
