1. If a modern capital-intensive technique has a higher capital/labour ratio and a lower capital/output ratio than...
Question:
1. If a modern capital-intensive technique has a higher capital/labour ratio and a lower capital/output ratio than a traditional labour-intensive one, what can we say about its labour/output ratio relative to the traditional technique?
2. What is the difference between mechanical efficiency and economic efficiency?
3. Why may governments of developing countries be less strict than developed countries in controlling pollution?
4. What difficulties is a government likely to encounter in encouraging the use of labour-intensive technology?
5. What would be the effect on the levels of migration and urban unemployment of the creation of jobs in the towns?
6. Is there any potential conflict between the goals of maximising economic growth and maximising either (a) the level of employment or (b) the rate of growth of employment?
7. What is the relationship between unemployment and (a) poverty; (b) inequality?
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