Question 1

The change in the contribution of capital formation was the chief cause of the productivity slowdown in 1973-1995.

Accepted Answer

A) True 
 B)False

Question 2

The profit earned from selling an asset for more than you paid for it is called

Accepted Answer

A)  capital gains. 
B)  the real interest rate. 
C)  depreciation. 
D)  appreciation. 
A)  capital gains. 
B)  the real interest rate. 
C)  depreciation. 
D)  appreciation.

Question 3

Which price would you expect to rise the most in a high-income growing economy?

Accepted Answer

A)  semiconductors for personal computers 
B)  tickets to a ballet performance 
C)  passenger automobiles 
D)  Blu-ray players 
A)  semiconductors for personal computers 
B)  tickets to a ballet performance 
C)  passenger automobiles 
D)  Blu-ray players

Question 4

Real wages in the United States tend to rise at the same rate as

Accepted Answer

A)  prices. 
B)  tax rates. 
C)  average productivity levels. 
D)  inflation. 
A)  prices. 
B)  tax rates. 
C)  average productivity levels. 
D)  inflation.

Question 5

When actual GDP does not rise as fast as potential GDP,the economy most likely will experience

Accepted Answer

A)  inflation. 
B)  recession. 
C)  economic growth. 
D)  falling unemployment. 
A)  inflation. 
B)  recession. 
C)  economic growth. 
D)  falling unemployment.

Question 6

The new growth theory helps attract foreign students to study in

Accepted Answer

A)  the former Soviet Union. 
B)  France. 
C)  the United States. 
D)  the Peoples Republic of China. 
A)  the former Soviet Union. 
B)  France. 
C)  the United States. 
D)  the Peoples Republic of China.

Question 7

Given the economy's existing resources and technology,the only way to enjoy more consumer goods today is to

Accepted Answer

A)  devote more resources to investment goods today. 
B)  accumulate more capital today. 
C)  have a slower economic growth rate in the future. 
D)  devote more resources to consumer goods in the future. 
A)  devote more resources to investment goods today. 
B)  accumulate more capital today. 
C)  have a slower economic growth rate in the future. 
D)  devote more resources to consumer goods in the future.

Question 8

Some years ago,the World Bank surveyed the ways in which countries encouraged or discouraged market activity.Its conclusion was: ​

Accepted Answer

A)  ​when poor people are allowed access to the institutinos richer people enjoy,they are ill equipped to take advantage of those benefits 
B)  ​when poor people are allowed access to the institutions richer people enjoy,they can thrive and help themselves 
C)  ​that there was no measurable difference between the countries that actively encouraged market activity from those that discouraged it. 
D)  ​without the proper resources,encouraging market activity had no effect 
A)  ​when poor people are allowed access to the institutinos richer people enjoy,they are ill equipped to take advantage of those benefits 
B)  ​when poor people are allowed access to the institutions richer people enjoy,they can thrive and help themselves 
C)  ​that there was no measurable difference between the countries that actively encouraged market activity from those that discouraged it. 
D)  ​without the proper resources,encouraging market activity had no effect

The change in the contribution of capital formation was the chief cause of the productivity slowdown in 1973-1995.

The profit earned from selling an asset for more than you paid for it is called

Which price would you expect to rise the most in a high-income growing economy?

Real wages in the United States tend to rise at the same rate as

When actual GDP does not rise as fast as potential GDP,the economy most likely will experience

The new growth theory helps attract foreign students to study in

Given the economy's existing resources and technology,the only way to enjoy more consumer goods today is to

Some years ago,the World Bank surveyed the ways in which countries encouraged or discouraged market activity.Its conclusion was:

What Is Economics

The Economy Myth and Reality

The Fundamental Economic Problem Scarcity and Choice

Supply and Demand An Initial Look

An Introduction To Macroeconomics

The Goals Of Macroeconomic Policy

Aggregate Demand and The Powerful Consumer

Demand Side Equilibrium Unemployment Or Inflation

Bringing In The Supply Side Unemployment and Inflation

Managing Aggregate Demand Fiscal Policy

Money and The Banking System

Monetary Policy Conventional and Unconventional

The Financial Crisis and The Great Recession

The Debate Over Monetary and Fiscal Policy

Budget Deficits In The Short and Long Run

The Trade Off Between Inflation and Unemployment

International Trade and Comparative Advantage

The International Monetary System Order Or Disorder

Exchange Rates and The Macroeconomy

Filters

Exam 7: Economic Growth Theory And Policy

The change in the contribution of capital formation was the chief cause of the productivity slowdown in 1973-1995.

The profit earned from selling an asset for more than you paid for it is called

Which price would you expect to rise the most in a high-income growing economy?

Real wages in the United States tend to rise at the same rate as

When actual GDP does not rise as fast as potential GDP,the economy most likely will experience

The new growth theory helps attract foreign students to study in

Given the economy's existing resources and technology,the only way to enjoy more consumer goods today is to

Some years ago,the World Bank surveyed the ways in which countries encouraged or discouraged market activity.Its conclusion was: ​

What Is Economics

The Economy Myth and Reality

The Fundamental Economic Problem Scarcity and Choice

Supply and Demand An Initial Look

An Introduction To Macroeconomics

The Goals Of Macroeconomic Policy

Aggregate Demand and The Powerful Consumer

Demand Side Equilibrium Unemployment Or Inflation

Bringing In The Supply Side Unemployment and Inflation

Managing Aggregate Demand Fiscal Policy

Money and The Banking System

Monetary Policy Conventional and Unconventional

The Financial Crisis and The Great Recession

The Debate Over Monetary and Fiscal Policy

Budget Deficits In The Short and Long Run

The Trade Off Between Inflation and Unemployment

International Trade and Comparative Advantage

The International Monetary System Order Or Disorder

Exchange Rates and The Macroeconomy

Filters

Some years ago,the World Bank surveyed the ways in which countries encouraged or discouraged market activity.Its conclusion was: