Technological progress that causes to raise the marginal product of capital and labor in the same proportion
Technological progress that causes the marginal product of capital to increase relative to the marginal product of labor
Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital
None of the above
C. Technological progress that causes the marginal product of labor to increase relative to the marginal product of capital
LAC = LMC
SAC = LMC
SAC =MC
SAC =LAC
Slopes downward
Slopes upward
Becomes horizontal
Becomes vertical
Very good substitutes
Poor substitutes
Good complements
Poor complements
Production
Consumption
Exchange
Formation
S.Chakravarty
J.S.Mill
A.C.Pigou
F.W.Taussig
No risks
Risks
Safety
None of the above
What you do
What you are doing
What you not do
None of them
Government
Consumer
Producer
Stock holder
Indifferent
Different
In equilibrium
Dominant
Higher prices
Increased prices
Increased consumption
Shortage of products
The demand for soybeans should increase
The supply of soybeans should increase
The demand for soybeans should decrease
The supply of soybeans should decrease
Free good
Economic good
Both of the above
None of the above
Led the Russian Revolution
Provided the theoretical basis for socialism(communism)
Developed his theory in response to the Great Depression of the 1930s
None of the above
Ranked
Consumed
Expressed in numbers
Cannot be expressed in numbers
Close substitutes
Good complements
Completely unrelated (independent goods)
None of the above
Increasing marginal utility
Decreasing marginal utility
Zero marginal utility
Negative marginal utility
More than the price
Less than the price
Equal to the price
Less than or equal to the price
Quantity exchanged might rise or fall and price would rise
Quantity exchanged would rise and price would fall
Quantity exchanged would rise and price might rise or fall
Both quantities exchanged and price would rise
Two points on demand curve
Two points on supply curve
Many points on demand curve
Many points on demand curve
Increased
Equalized
Prominent
Zero
Price
Output
Cost
Advertisement
Straight line
Convex to origin
Concave to origin
Lshaped
Engels curve
Production indifference curve
Budget line
Ridge line
Differentiated goods
Homogeneous goods
Advertised goods
Distress sale of goods
In the short-run under perfect competition
In the long-run under perfect competition
In the short-run under monopolistic competition
In the long-run under monopolistic competition
Downwards to the right
Upwards to the right
Backwards to the right
Inwards at the bottom
Labor theory
Production theory
Laisseze-faire
None of the above
Concave to the origin
Convex to the origin
Tangent to the origin
None of the above
Short-Run
Long-Run
Medium-Run
None of the above
Positive Economics
Normative Economics
Micro Economics
Development Economics