Exam 24: Economic Growth: Theory and Policy

The graph that relates hours of labor input to output is called the

The wage premium in the United States represents a

College tuition costs have risen faster than prices in general from 1979 to 2009.

The experience of the Soviet Union proves that higher education

Imitation as a strategy for acquiring new technology is based on the difference in effort between

Because business firms often finance new investments with borrowed money, a key determinant of investment spending is

The Human Genome Project is a useful example of

Foreign direct investment generally leads to technological advancements in poorer countries.

The argument that rising energy prices caused the decline in U.S.productivity in the 1970s is made less believable due to the

For a given technology, a higher capital stock will decrease labor productivity.

The capital gains tax cut enacted in 2003 will hinder capital formation.

The new growth theory helps attract foreign students to study in

Labor productivity rises as the amount of capital available to workers increases.

The financing of investment spending is often made possible by

The U.S.government attempts to spur research and development activities through

Poor countries often have difficulty investing in capital because

From the late 1960s to the late 1980s, in the United States SAT scores

Which period of recent U.S.history shows the lowest rates of productivity growth?

The production function shifts upward as the capital stock increases.

The wage premium in the United States for college graduates over high school graduates has remained constant from 1978 to 2000.