Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

Practice Mode:
9.

Capital deepening occurs when there is :

A: An increase in the stock of capital
B: An equal increase in the stock of capital and the labour supply
C: An greater increase in the labour supply than in the stock of capital
D: A greater increase in the stock of capital than in the labour supply

The answer is: D

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