Exam 23: Economic Growth: Theory and Policy

Because the Soviet Union educated more scientists and engineers than the United States, their level of economic growth was higher.

The Human Genome Project is a useful example of

The phrase "capital formation" is synonymous with

A productivity decrease would be illustrated by a shift in the production function

The convergence hypothesis explains

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

The process of research and development

Several countries in the world have failed to "converge" with industrialized countries.What does this mean about their economic growth rates? Explain why poorer countries have failed to "catch up," in terms of the pillars of economic growth.Are there any special problems facing these countries?

Which of these countries have higher levels of human capital?

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

In the United States, the average level of educational attainment is approximately a

The largest U.S.government training program is

Expansion of factories, investment in new computers and/or equipment are processes of capital formation.

Labor productivity growth in the United States during the 1973-1995 period could be explained by a ____ slowdown.

Higher energy prices can be used to explain the productivity slowdown in the period from

The primary use of development assistance is to

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

A recession will occur if an economy's actual GDP ____ its potential GDP.

All other things being equal, a greater supply of scientists and engineers will increase the level of technology.

In most rich countries, adult citizens typically have a