The technique of production in which the amount of capital used per unit of labour is larger than that of labour is known as

Related MCQs

• The Solow’s growth model assumes that the two factors of production labour and capital are paid according to
• The number of times a unit of money exchanges hands during a unit period of time is known as
• Assuming that 3 units of capital are required to produce 1 unit of output, then capitaloutput ratio would be
• An inflation caused by an enhanced wages of labour is
• With economic growth, the proportion of labour-force engaged in agriculture
• During depression __________industry suffer from excess production capacity
• Neo-classical growth model considered two-factor production function with
• In Solow’s model of economic growth, production takes places under
• Which growth model inspired the use of capital-output ratio for development planning?
• Who stated that “a sudden collapse of the marginal efficiency of capital leads to crisis”