A technology may be considered inappropriate if it
a. uses a lot of capital
b. produces a product that few people want
c. has a capital-labor ratio that exceeds the rental-wage ratio
d. has a capital-labor ratio less than the rental-wage ratio
e. none of the above
C
Economics
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Since people's incomes are limited and their abilities to borrow differ they face _____ constraints
a. psychological b. financial c. societal d. contractual
Economics
In the long run, if the price level decreases, then the economy's output level will:
A. Increase initially, but then fall back again B. Increase C. Decrease D. Stay the same
Economics