In the 1980s economists studying the source of growth observed no positive relationship between information and communications technology (ICT) investments and productivity This is known as ? A. Solow residualB. productivity paradox C. technological followership D. Stieglitz discrepancies

Market price adjusted to consider differences between social cost-benefit and private cost-benefit calculations are ? A. price distortions B. consumer surplusC. shadow prices D. exchange rates

An example of external diseconomies is ? A. scholarship for technical education B. R&D in robotics C. a new drug to cure AIDSD. environmental pollution

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 scaleB. external economies C. negative externality D. net present…

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…

Lack of absorptive capacity in develog countries results from ? A. inadequate government bureaucracy B. small size of infrastructure C. too few innovative entrepreneurs D. unsuitable technologyE. All of the above are correct

You can see the computer age everywhere but, in the productivity, statistics is a attributed to which economist ? A. Dale Jorgenson B. Joseph StieglitzC. 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 paradoxB. absorptive capacity C. the residual D. uncertainly

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…