Question 1

There tends to be a high positive correlation between the rate of productivity growth and the rate of economic growth.

Accepted Answer

A) True 
 B)False

Question 2

Other things equal, which of the following would increase labor productivity the most?

Accepted Answer

A)  The stock of real capital and inputs of labor increase proportionately.
B)  The increase in the stock of real capital exceeds the increase in inputs of labor.
C)  The increase in inputs of labor exceeds the increase in the stock of real capital.
D)  Inputs of labor increase and the stock of real capital remains constant.E) All of the above
F) A) and B)

Question 3

Countries that have experienced modern economic growth have also tended to

Accepted Answer

A)  adopt feudalistic institutions.
B)  restrict women and minorities from holding certain economic and political positions.
C)  move toward more democratic forms of government.
D)  have less leisure time for sport and artistic activities.E) A) and B)
F) None of the above

Question 4

Growth-promoting institutional structures include the following, except

Accepted Answer

A)  patents and copyrights.
B)  efficient financial institutions.
C)  protection of domestic firms from foreign rivals.
D)  stable political system.E) None of the above
F) B) and C)

Question 5

An antigrowth view would be that there may be a significant trade-off between productivity and

Accepted Answer

A)  education.
B)  employment.
C)  economies of scale.
D)  the quality of life.E) C) and D)
F) All of the above

Exam 28: Economic Growth

An antigrowth view would be that there may be a significant trade-off between productivity and

Correct Answer
verified

Growth-promoting institutional structures include the following, except

Correct Answer
verified

There tends to be a high positive correlation between the rate of productivity growth and the rate of economic growth.

Correct Answer
verified

Other things equal, which of the following would increase labor productivity the most?

Correct Answer
verified

Countries that have experienced modern economic growth have also tended to

Correct Answer
verified

Exam 28: Economic Growth

An antigrowth view would be that there may be a significant trade-off between productivity and

Correct AnswerverifiedShow Answer

Growth-promoting institutional structures include the following, except

Correct AnswerverifiedShow Answer

There tends to be a high positive correlation between the rate of productivity growth and the rate of economic growth.

Correct AnswerverifiedShow Answer

Other things equal, which of the following would increase labor productivity the most?

Correct AnswerverifiedShow Answer

Countries that have experienced modern economic growth have also tended to

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified