An example of "embodied technical change" is
A) better methods of inventory control.
B) the replacement of old computer chips with new ones designed for faster processing.
C) the strengthening of social infrastructure, such as delivery of basic health- care services.
D) education that teaches a wider portion of the labour force basic numeracy.
E) the development of better intellectual property law.
Correct Answer:
Verified
Q43: current increases in investment may only generate
Q44: Consider a closed economy in the long
Q45: In the long run, an increase in
Q46: If per capita GDP in a richer
Q47: According to the "new" theories of economic
Q49: Consider the aggregate production function Y =
Q50: The four fundamental determinants of economic growth
Q51: Consider the Neoclassical growth model. The effect
Q52: Resource exhaustion is not considered to be
Q53: "Embodied technical change" is said to occur
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents