5) Which technology is the most capital intensive? Inputs Required to Produce a

Question

5) Which technology is the most capital intensive? Inputs Required to Produce a Product Using Alternative Technologies Technology Units of Capital 12 16 24 Number of Employees 36 24 16 12 A) A ) C) c D) D 6) An oligopoly is an industry market structure with A) a single firm in which the entry of new firms is blocked. B) a small number of firms each large enough to impact the market price of its output. C) many firms each able to differentiate their product. D) many firms each too small to impact the market price. 7) When the government changes taxes and spending, it is implementing A) supply-side policy. B) fiscal policy C) incomes policy D) monetary policy 8) The equation for GDP using the expenditure approach is A)GDP _ + 1 + G + EX-IM. B) GDP-C+I+G+(UM-E C) GDP-C+I+G EX+IM D) GDP- C+I+G-EX-IM 9) A movement from Point A to Point B can be caused by Money A) a decrease in nominal income. B) an increase in the price level. C) a decrease in the interest rate. D) an increase in the interest rate. Special Assessment

Explanation / Answer

6) An Oligopoly is a market structure in with a small number of of firms large enough to impact market price of its output.

Hence correct option is B)

A is- monopoly

C is- Monopolisic market

D- Perfect competition.

7) When govt. is changing its poloicy of taxes and spending it is implementing is a fiscal policy

Hence correct answer is B)

Fiscal policy is determined by central govt. has taxes and govt spending as its tool.

Option A) Has creation of human and physical capital as its aim

Option C) Incomes policy- There is no such policy

Option D) Monetary policy- It deals with interest rates and money supply and it is determined by Central Bank for ex. Federal reserve.

8) Equation for GDP Calculation with expenditure approach is:

GDP=C+I+G+(EX-EM)

C = Consumption expenditure

G= Govt. Expenditure

EX= Exports

IM= Imports

9) Assumption X axis= Demand for money:

Correct answer is decrease in interest rates. As interest rates decrease money demand will increase.

5)

Option D- As it uses highest nuber of capital and lowest number of employees.

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