Question #47371

James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?

Options:

A) maximum capital absorption

B) factor price distortions

C) engineering mentality

D) intermediate technology

Answer: James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to engineering mentality.

Previous Next

Economics Related Questions

Q1.

One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?
Q2.

Who is called the father of Economics?
Q3.

For economists, the word “utility” means:
Q4.

In economics, the pleasure, happiness, or satisfaction received from a product is called ______?
Q5.

When economists say that people act rationally in their self interest, they mean that individuals _______?
Q6.

According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:
Q7.

According to economists, economic self-interest:
Q8.

When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of:
Q9.

Resources in an economy ?
Q10.

The sacrifice involved when you choose a particular course of action is called the ?

Test Your Knowledge

Want to practice more questions like this? Take a quiz in this category!

Take a Quiz

Question #47371

James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?

Options:

Economics Related Questions

Category

Test Your Knowledge

Share This Question

AdBlock Detected

How to disable your ad blocker:

Popular Categories

More Categories

Explore More

Question #47371

James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?

Options:

Economics Related Questions

Category

Test Your Knowledge

Share This Question

AdBlock Detected

How to disable your ad blocker: