"Embodied Technical Change" Is Said to Occur When

question 74

Multiple Choice

"Embodied technical change" is said to occur when

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

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