Question 1

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. 
A) education. 
B) employment. 
C) economies of scale. 
D) the quality of life.

Question 2

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. 
A) patents and copyrights. 
B) efficient financial institutions. 
C) protection of domestic firms from foreign rivals. 
D) stable political system.

Question 3

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 4

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. 
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.

Question 5

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. 
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.

Exam 28: Economic Growth

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

Growth-promoting institutional structures include the following, except

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

Countries that have experienced modern economic growth have also tended to

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

Limits, Alternatives, and Choices

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Governments Role and Government Failure

Elasticity

Utility Maximization

Behavioral Economics

Businesses and the Costs of Production

Pure Competition in the Short Run

Pure Competition in the Long Run

Pure Monopoly

Monopolistic Competition

Oligopoly and Strategic Behavior

Technology, Rd, and Efficiency

The Demand for Resources

Wage Determination

Rent, Interest, and Profit

Natural Resource and Energy Economics

Public Finance: Expenditures and Taxes

Antitrust Policy and Regulation

Agriculture: Economics and Policy

Income Inequality, Poverty, and Discrimination

Health Care

Immigration

An Introduction to Macroeconomics

Measuring Domestic Output and National Income

Business Cycles, Unemployment, and Inflation

Basic Macroeconomic Relationships

The Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply

Fiscal Policy, Deficits, and Debt

Money, Banking, and Financial Institutions

Money Creation

Interest Rates and Monetary Policy

Financial Economics

Extending the Analysis of Aggregate Supply

Current Issues in Macro Theory and Policy

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

The Economics of Developing Countries

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