Exam 7: Economic Growth Theory And Policy

All of the following are reasonable explanations of the labor productivity speed-up in the United States except

Most of the investment decisions in the U.S.economy are made by

Devoting more of a country's resources for producing consumer goods means

Lower levels of education and training are often associated with low levels of

The lack of a universal productivity effect of higher education was demonstrated by the experience of

A constant contributor to labor productivity growth during the entire 1948-2000 period was

Compared with the U.S.,developing countries

The school of engineering at a modern university would be a supporter of the new

Imitation is not only the highest form of flattery but also an easier way for poorer countries to develop new technology.

U.S.government policy to stimulate research and development activities would be most likely to succeed if it involved

Which of the following was NOT a factor in Japan's post-World War II economic success?

The productivity growth rates of richer countries tend to be ____ than those of poorer countries.

A nation's supply of capital refers to its level of

The information technology revolution seems to have had its greatest positive effect on labor productivity growth in the ____ period.

A country's level of productivity determines its

A country's level of well being is determined primarily by its level of

Poor health in developing countries encourages economic growth because working is a matter of life and death.

One reason given for the U.S.productivity slowdown in the period from 1973-1995 was

Real wages usually lag behind the increases in labor productivity.

Laws that assign owners the rights to use assets as they see fit are called