Multiple Choice
In sub-Saharan Africa, the choice of labor over machines is due to:
A) low income levels
B) relative prices
C) lack of technical knowledge
D) political factors beyond the ability of farmers to change
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Perfect complements are:<br>A) used together in production<br>B)
Q14: Perfect substitutes:<br>A) do not exist in the
Q15: An isoquant is:<br>A) all combinations of two
Q16: MRTS is equal to:<br>A) ΔX<sub>2</sub>/ΔX<sub>1</sub><br>B) Δ1</sub>/ΔX<sub>2</sub><br>C) ΔY/ΔX<br>D)
Q17: Define and explain MRTS carefully.
Q19: Labor and agrochemicals are:<br>A) complements in production<br>B)
Q20: Equilibrium is:<br>A) ceteris paribus<br>B) sanity; balance<br>C) a
Q21: The choice of techniques depends on:<br>A) managerial
Q22: Perfect substitutability of inputs is:<br>A) the most
Q23: The slope of the isoquant is:<br>A) the