--%>

Production of food-and-clothing economy

In an entirely employed food-and-clothing economy, continual equivalent reductions in food output generally will make it: (1) Essential to decrease clothing output uniformly. (2) Probable to generate successively bigger increases in clothing output. (3) Probable to generate just successively smaller rises in the clothing output. (4) Essential to advance technology uniformly in both the industries.

Choose the right answer from the above options.

   Related Questions in Managerial Economics

  • Q : Illustrates the types of Demand

    Illustrates the types of Demand Forecasting?

  • Q : Illustrates the term Advertisement

    Illustrates the term Advertisement Elasticity of Demand?

  • Q : Functions and Responsibilities of

    What are the Functions and Responsibilities of managerial economist?

  • Q : Capital and Wage Differentials Relative

    Relative to evenly strong, smart, and hard-working people along with less education, and the high school graduates who invest most heavily within more advanced formal education are probable to experience lower average: (w) wages when first entering th

  • Q : Illustration of specific training The

    The knowledge gained while an Apple employee learns a specialized technique on an iPod assembly line is an illustration of: (w) comparative technological advantage. (x) specific training. (y) on-the-job leveraging. (z) general training.

    Q : Supply of labor in a perfectly

    The supply of labor within a perfectly competitive market is: (w) an upward sloping curve. (x) a horizontal line. (y) above the MRC. (z) below the MRC. Hello guys I want your advice. Please recommend some views for

  • Q : Concavity in production possibilities

    Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutra

  • Q : Higher Legal Minimum Wage Laws

    Enactment through the U.S. Congress of an extensively higher legal minimum wage would be probably to benefit: (i) American college professors. (ii) high-school dropouts in their teens. (iii) relatively unskilled foreign workers whose production is exp

  • Q : Illustrates the term variable cost

    Illustrates the term variable cost?

  • Q : Illustrates the term Demand Function

    Illustrates the term Demand Function?