If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country (b) Capital intensive country. © Both (a) and (b). (d) None of the above.

If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country
(b) Capital intensive country.
© Both (a) and (b).
(d) None of the above.
by

1 Answer

Answer :

(b) Capital intensive country.
by

Related questions

Labour Intensive Technique would get chosen in a - (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Description : Labour Intensive Technique would get chosen in a - (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Last Answer : (1) Labour Surplus Economy Explanation: Labour' refers to the people required to carry out a process in a business. Labour-intensive processes are those that require a relatively high level of ... intensive processes are more likely to be seen in Job production and in smaller-scale enterprises.

Labour Intensive Technique would get chosen in a (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Description : Labour Intensive Technique would get chosen in a (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

Last Answer : Labour Surplus Economy

Consider the following statements and identify the right ones. i. COR is relatively low in labour intensive sectors. ii. COR will be high in capital intensive sectors iii. Both iv. None

Description : Consider the following statements and identify the right ones. i. COR is relatively low in labour intensive sectors. ii. COR will be high in capital intensive sectors iii. Both iv. None

Last Answer : iii. Both

In the long run, which of the following factors of production is fixed? (a) capital (b) building © labour (d) none of the above

Description : In the long run, which of the following factors of production is fixed? (a) capital (b) building © labour (d) none of the above

Last Answer : (d) none of the above

Classical theories believed in ---- theory of value. (a) land (b) labour © capital (d) organization.

Description : Classical theories believed in ---- theory of value. (a) land (b) labour © capital (d) organization.

Last Answer : (b) labour

According to Absolute and Comparative Advantage theories----- is the only factor of production. (a) land (b) labour © capital (d) organization.

Description : According to Absolute and Comparative Advantage theories----- is the only factor of production. (a) land (b) labour © capital (d) organization.

Last Answer : (b) labour

Large investment is made in fixed assets, the project will be termed as __________. A. Capital Intensive. B. Labour Intensive. C. Product Intensive. D. Market Intensive.

Description : Large investment is made in fixed assets, the project will be termed as __________. A. Capital Intensive. B. Labour Intensive. C. Product Intensive. D. Market Intensive.

Last Answer : A. Capital Intensive.

The self-employed in a developing country who are engaged in small scale labour intensive work belong to the - (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector

Description : The self-employed in a developing country who are engaged in small scale labour intensive work belong to the - (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector

Last Answer : (2) Primary sector Explanation: Such a scenario is seen in the case of primary economic activities such as agriculture in the developing countries like India. Most of the primary activities are labour ... volume of man-power substitutes the lack of technology. Besides, farmers are 'self-employed.'

The self-employed in a developing country who are engaged in small scale labour intensive work belong to the (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector

Description : The self-employed in a developing country who are engaged in small scale labour intensive work belong to the (1) Informal sector (2) Primary sector (3) Secondary sector (4) Tertiary sector

Last Answer : Primary sector

The contribution of agricultural sector is decreasing in India’s economy then what conclusion can be drawn? (a) India is growing towards a developed economy. (b) India is growing towards a developing economy. © India is growing towards a less developed economy. (d) None of the above.

Description : The contribution of agricultural sector is decreasing in India’s economy then what conclusion can be drawn? (a) India is growing towards a developed economy. (b) India is growing towards a developing economy. © India is growing towards a less developed economy. (d) None of the above.

Last Answer : (a) India is growing towards a developed economy.

An underdeveloped economy is characterized bya. High per capita real incomeb. Large proportion of labor force in the tertiary sectorc. State of deprivation of large proportion of populationd. All the above

Description : An underdeveloped economy is characterized bya. High per capita real income b. Large proportion of labor force in the tertiary sector c. State of deprivation of large proportion of population d. All the above

Last Answer : c. State of deprivation of large proportion of population Underdeveloped countries face the problem of deprivation of large section of the population, low per capita real income etc.

Consider the following statements and identify the right ones. A. COR is relatively low in labour intensive sectors. B. COR will be high in capital intensive sectors C. Both D. None

Description : Consider the following statements and identify the right ones. A. COR is relatively low in labour intensive sectors. B. COR will be high in capital intensive sectors C. Both D. None

Last Answer : C. Both

Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : (3) is a measure of the proportional of the existing capital stock used for current production. Explanation: Capacity utilisation refers to the extent or level to which the productive capacity of a ... as a percentage, it is computed by dividing the total capacity with the portion being utilized.

Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : is a measure of the proportional of the existing capital stock used for current production.

. Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Description : . Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Last Answer : (b) the ratio of exports/imports

The supply of labour in the market depends on - (1) the proportion of the population in the labour force (2) the number of person hours put in by each person (3) the size of population (4) All the above

Description : The supply of labour in the market depends on - (1) the proportion of the population in the labour force (2) the number of person hours put in by each person (3) the size of population (4) All the above

Last Answer : (4) All the above Explanation: Supply of labour in an economy depends upon both economic as well as noneconomic factors. It depends upon the size of population, the number of workers available for ... intensity of work, the skills of workers, their willingness to work and the mobility of labour.

The supply of labour in the market depends on (1) the proportion of the population in the labour force (2) the number of person hours put in by each person (3) the size of population (4) All the above

Description : The supply of labour in the market depends on (1) the proportion of the population in the labour force (2) the number of person hours put in by each person (3) the size of population (4) All the above

Last Answer : All the above

A profit maximizing firm will invest up to the level of investment where (a) The cost of borrowing equals marginal efficiency of capital (b) The cost of borrowing is greater than marginal efficiency of capital © The cost of borrowing is less than marginal efficiency of capital (d) The cost of borrowing is equal to marginal propensity to consume.

Description : A profit maximizing firm will invest up to the level of investment where (a) The cost of borrowing equals marginal efficiency of capital (b) The cost of borrowing is greater than marginal ... marginal efficiency of capital (d) The cost of borrowing is equal to marginal propensity to consume.

Last Answer : (a) The cost of borrowing equals marginal efficiency of capital

Intensive cultivation refers to (1) production with intensive use of labour (2) production with intensive use of fertilizer (3) raising production by intensive use of existing land (4) raising production by large scale use of imported inputs

Description : Intensive cultivation refers to (1) production with intensive use of labour (2) production with intensive use of fertilizer (3) raising production by intensive use of existing land (4) raising production by large scale use of imported inputs

Last Answer : (3) raising production by intensive use of existing land Explanation: Intensive farming is an agricultural intensification and mechanization system that aims to maximize yields from available land through various ... of inputs such as capital and labour, and higher crop yields per unit land area.

Intensive cultivation refers to (1) production with intensive use of labour (2) production with intensive use of fertilizer (3) raising production by intensive use of existing land (4) raising production by large scale use of imported inputs

Description : Intensive cultivation refers to (1) production with intensive use of labour (2) production with intensive use of fertilizer (3) raising production by intensive use of existing land (4) raising production by large scale use of imported inputs

Last Answer : raising production by intensive use of existing land

Keynesian theory of investment is known as ----- (a) Marginal Efficiency of Capital Theory. (b) Marginal Efficiency of Investment Theory. © Optimum Stock of Capital Theory. (d) Actual Stock of Capital Theory.

Description : Keynesian theory of investment is known as ----- (a) Marginal Efficiency of Capital Theory. (b) Marginal Efficiency of Investment Theory. © Optimum Stock of Capital Theory. (d) Actual Stock of Capital Theory.

Last Answer : (b) Marginal Efficiency of Investment Theory.

The main advantage of specialization results from (a) The economies of large scale production (b) The specializing country behaves like a monopoly © Smaller production runs resulting in lower unit costs. (d) High wages paid to foreign workers.

Description : The main advantage of specialization results from (a) The economies of large scale production (b) The specializing country behaves like a monopoly © Smaller production runs resulting in lower unit costs. (d) High wages paid to foreign workers.

Last Answer : (a) The economies of large scale production

The basic problem of an economy is (a) What to produce? (b) How to produce? © For whom to produce? (d) All of the above.

Description : The basic problem of an economy is (a) What to produce? (b) How to produce? © For whom to produce? (d) All of the above.

Last Answer : (d) All of the above.

Measures to reduce imports will (a) Boost injections into an economy. (b) Reduce injections from an economy. © Boost withdrawals into aneconomy. (d) Reduce withdrawals from an economy.

Description : Measures to reduce imports will (a) Boost injections into an economy. (b) Reduce injections from an economy. © Boost withdrawals into aneconomy. (d) Reduce withdrawals from an economy.

Last Answer : (d) Reduce withdrawals from an economy.

The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).

The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

Last Answer :  Gross domestic income

The supply of labour in the economy depends on - (1) Population (2) National income (3) Per capita income (4) Natural resources

Description : The supply of labour in the economy depends on - (1) Population (2) National income (3) Per capita income (4) Natural resources

Last Answer : (1) Population Explanation: The supply curve for labor depends on variables such as population, wage rates, etc. in developing countries, the vast population base explains the relatively lower wage ... accessibility to labour supply. This is just the opposite in the case of developed countries.

Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Description : Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Last Answer : (3) closed economy Explanation: An economy that does not interact with the economy of any other country is known as closed economy. A closed economy is selfsufficient, meaning no imports are brought in ... It is the opposite of an open economy, in which a country conducts trade with outside regions.

Indian agriculture is typically characterised as - (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Description : Indian agriculture is typically characterised as - (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Last Answer : (3) land scarce, labour surplus economy Explanation: The labor surplus economy model has as its basic premise the inability of unskilled agricultural labor markets to clear in countries with high man/land ... Japan, South Korea, and Taiwan are similar to India in being land scarce and labor surplus.

Indian agriculture is typically characterised as (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Description : Indian agriculture is typically characterised as (1) land surplus, labour scarce economy (2) land surplus, labour surplus economy (3) land scarce, labour surplus economy (4) land scarce, labour scarce economy

Last Answer :  land scarce, labour surplus economy

An economy in which there are no flows of labour, goods or money to and from other nations is a/an (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Description : An economy in which there are no flows of labour, goods or money to and from other nations is a/an (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Last Answer : closed economy

The supply of labour in the economy depends on (1) Population (2) National income (3) Per capita income (4) Natural resources

Description : The supply of labour in the economy depends on (1) Population (2) National income (3) Per capita income (4) Natural resources

Last Answer : Population

” If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this? (a) Adam Smith (b) David Ricardo © J.S Mill (d) None of them.

Description : ” If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this? (a) Adam Smith (b) David Ricardo © J.S Mill (d) None of them.

Last Answer : (b) David Ricardo

Which among the following method is used to calculate poverty in India? (a) Investment Method. (b) Capital Method. © Savings Method. (d) Income Method.

Description : Which among the following method is used to calculate poverty in India? (a) Investment Method. (b) Capital Method. © Savings Method. (d) Income Method.

Last Answer : (d) Income Method.

The difference between gross investment and net investment is (a) Depreciation (b) Acceleration © Deceleration (d) Capital investment

Description : The difference between gross investment and net investment is (a) Depreciation (b) Acceleration © Deceleration (d) Capital investment

Last Answer : (a) Depreciation

A government’s restriction on the quantity of imports of a country is known as (a) Export quota (b) Import quota © Import rent. (d) Embargo.

Description : A government’s restriction on the quantity of imports of a country is known as (a) Export quota (b) Import quota © Import rent. (d) Embargo.

Last Answer : (b) Import quota

Which of the following is necessary for a natural monopoly? a. economies of scale b. a high proportion of the total cost is the cost of capital goods c. the market is very small d. all of the above

Description : Which of the following is necessary for a natural monopoly? a. economies of scale b. a high proportion of the total cost is the cost of capital goods c. the market is very small d. all of the above

Last Answer : d. all of the above

An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above

Description : An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above

Last Answer : C. State of deprivation of large proportion of population

An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above

Description : An underdeveloped economy is characterized by A. High per capita real income B. Large proportion of labor force in the tertiary sector C. State of deprivation of large proportion of population D. All the above

Last Answer : C. State of deprivation of large proportion of population

Why is tea considered a labour intensive crop? -SST 10th

Description : Why is tea considered a labour intensive crop? -SST 10th

Last Answer : (i) Tea plant is not allowed to grow beyond a height of 2 to 3 metres. The leaves have to be hand picked as it needs regular pruning, After three years tea bush becomes ready, the ... Brahmaputra and Surma valleys in Assam. It is also grown in Darjeeling, Jalpaiguri and districts of West Bengal.

Which one of the following services is NOT labour intensive ? 1. Education 2. Hair care 3. Insurance 4. Fitness centre 5. Legal counsel

Description : Which one of the following services is NOT labour intensive ? 1. Education 2. Hair care 3. Insurance 4. Fitness centre 5. Legal counsel

Last Answer : Fitness centre

Which one of the following services is NOT labour intensive? A)Education B)Hair care C)Insurance D)Fitness centre E)Legal counsel

Description : Which one of the following services is NOT labour intensive? A)Education B)Hair care C)Insurance D)Fitness centre E)Legal counsel

Last Answer : D)Fitness centre

true about plantation agriculture? I. Generally plantation agriculture is considered as an example of subsistence farming. II. Generally single crop is grown on a large area in plantation agriculture. III. It has an interface of agriculture and industry. IV. It uses capital intensive inputs. (1) I and IV (2) III and IV (3) I, II and III (4) II, III and IV

Description : true about plantation agriculture? I. Generally plantation agriculture is considered as an example of subsistence farming. II. Generally single crop is grown on a large area in plantation agriculture. III. It has an interface of agriculture ... IV (2) III and IV (3) I, II and III (4) II, III and IV

Last Answer : (4) II, III and IV

Economics classifies the manmade instrument of production as: (1) Organization (2) Capital (3) equipment (4) labour

Description : Economics classifies the manmade instrument of production as: (1) Organization (2) Capital (3) equipment (4) labour

Last Answer : (2) Capital Explanation: Some economists have classified factors into two categories, land and labour (or nature and man) on the ground that they are the only original or primary factors. ... . However, other economists include all man-made instruments for production in the category of Capital.

Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Description : Which of the following occurs when labour productivity rises? (1) The equilibrium nominal wage falls. (2) The equilibrium quantity of labour falls. (3) Competitive firms will be induced to use more capital (4) The labour demand curve shifts to the right

Last Answer : (4) The labour demand curve shifts to the right Explanation: As labour productivity increases, the production function shifts up and simultaneously the labor demand curve shifts out and right. At ... , the production function shifts up and simultaneously the labor demand curve shifts out and right.

According to Modern Theory of Rent, rent accrues to - (1) capital only (2) any factor (3) labour only (4) land only

Description : According to Modern Theory of Rent, rent accrues to - (1) capital only (2) any factor (3) labour only (4) land only

Last Answer : (2) any factor Explanation: Modern theory of rent does not confine itself to the reward of only land as a factor of production as was the case in the classical Ricardian theory of rent. Rent in ... can arise in respect of any other factor of production. i.e., labour, capital and entrepreneurship.

The four factors of production are - (1) land, labour, capital, organisation, (2) land, electricity, water, labour (3) labour, capital, land, rainfall, (4) labour, climate, land, tools,

Description : The four factors of production are - (1) land, labour, capital, organisation, (2) land, electricity, water, labour (3) labour, capital, land, rainfall, (4) labour, climate, land, tools,

Last Answer : (1) land, labour, capital, organisation, Explanation: Factors of Production is an economic term to describe the inputs that are used in the production of goods or services in the attempt to ... -made resources), and (iv) Enterprise (which brings all the previous resources together for production).

Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Description : Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Last Answer : (2) organizes the process of production Explanation: In economics, factors of production are the inputs to the production process. Factors of production' may also refer specifically to the 'primary factors', ... the other factors of production, land, labor, and capital, in order to make a profit.

Economic rent refers to - (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

Description : Economic rent refers to - (1) Payment made for the use of labour (2) Payment made for the use of capital (3) Payment made for the use of organisation (4) Payment made for the use of land

Last Answer : (4) Payment made for the use of land Explanation: Rent refers to that part of payment by a tenant which is made only for the use of land, i.e., free gift of nature. The payment made by ... rent'. Economic rent is also called surplus because it emerges without any effort on the part of a landlord.