"Embodied Technical Change" Is Said to Occur When

question 26

Multiple Choice

"Embodied technical change" is said to occur when

• A)older capital equipment is replaced with different,more productive,capital.
• B)the capital-labour ratio is increasing.
• C)innovations in the organization of production take place which do not involve changes in the form of capital used.
• D)techniques of managerial control are improved.
• E)the labour force acquires new skills that can be used across a wide range of industries.

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Definitions:

Salience

Property of a stimulus that makes it stand out in relation to other stimuli and attract attention.

Schemas

Cognitive frameworks or mental models that help individuals organize and interpret information based on past experiences and knowledge.

Abstract

A summary of a research study or academic paper that highlights the main points, methodology, results, and conclusions.

Concrete Instances

Specific, real-world examples that illustrate a principle or concept.