Question

An increase in the quality of capital is a result of A) population growth.B) disembodied technical...

An increase in the quality of capital is a result of A) population growth.B) disembodied technical change.C) embodied technical change.D) an increase in the labor force.

Homework Answers

Answer #1

Answer is B. Disembodied technical change.
Disembodied technical progress means existing instrument are improved and productivity increased. In this there is no new investment. So here quality of capital increases because already installed machines are got improved.
In embodied technical progress new invention takes place and old machines or technology is replaced with new one. So in this capital got changed and quality of capital does not change.

Thank u plz rate positively ?

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The Solow Model suggests that economic growth is the result of an increase in the technical...
The Solow Model suggests that economic growth is the result of an increase in the technical efficiency of capital (A). Explain how 3 different institutional changes enabled an increase or a decrease in the productive efficiency of capital.
identify four business web services quality dimensions (two technical and two non-technical) relevant to buyers of...
identify four business web services quality dimensions (two technical and two non-technical) relevant to buyers of online services. Describe the type of measures or meaning associated with each dimension of quality you list
MRTS or Marginal rate of technical substitution (MRTS) for an isoquant is defined as Δ capital...
MRTS or Marginal rate of technical substitution (MRTS) for an isoquant is defined as Δ capital / Δ labor, which in turn means that, MRTS will be of higher value when labor is more productive than capital. Select one: True False
Other things held constant, an increase in the cost of capital will result in a decrease...
Other things held constant, an increase in the cost of capital will result in a decrease in a projects MIRR A. True B.False
1. A higher savings rate that leads to an increase in the capital stock leads to...
1. A higher savings rate that leads to an increase in the capital stock leads to increases in labor productivity. is associated with a decrease in the rate of growth of the population. immediately decreases investment. leads to higher interest rates. 2. Factors that influence labor productivity include ________. physical capital, human capital, and technology the inflation rate, the real wage rate, and the exchange rate physical capital, the real wage rate, and technology the labor demand curve 3. The...
The direct labor efficiency variance could be the result of: Explain Quality of Raw Materials All...
The direct labor efficiency variance could be the result of: Explain Quality of Raw Materials All of the other answers are correct Maintenance of Equipment Training of Employees
Suppose a country has an aging population in the capital city and thus experiences an increase...
Suppose a country has an aging population in the capital city and thus experiences an increase in the demand for nurses. Explain how wage solidarity would make it difficult to respond to this need. Then explain the impact of wage drift.
Why do isoquants shift inward towards the origin in response to a technical change? Let's assume...
Why do isoquants shift inward towards the origin in response to a technical change? Let's assume there are only two inputs capital (K) and labor (L) in a production function. Holding K constant, if there is a technical change why is the isoquant shifting towards the origin from, let's say, q0 to q'0? I realize how in shifting towards the origin it now requires less labor for the same capital but isn't its output also decreasing? I thought a technical...
2. The several factors the “ Donabedina Model of quality assessment (1980)” are: •Access •Technical management...
2. The several factors the “ Donabedina Model of quality assessment (1980)” are: •Access •Technical management •Management of interpersonal relationship •Continuity of care —which element in the model is the most important? Why do you think so? Please state your reasons in 3 or more sentences. (In Policy Issue in healthcare)
How can a nation increase its stock of human capital if the population remains constant? Why...
How can a nation increase its stock of human capital if the population remains constant? Why is education such an important tool for long-run economic growth?