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.
Correct Answer:

Verified
Correct Answer:
Verified
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