Question 1

The convergence hypothesis suggests that poor countries may close the income gap with rich countries.

Accepted Answer

A) True 
 B)False

Question 2

The distinction between productivity levels and productivity growth rates is theoretical and has no practical application.

Accepted Answer

A) True 
 B)False

Question 3

Human capital is the amount of

Accepted Answer

A)  capital available to workforce. 
B)  skill embodied in the workforce. 
C)  output the labor force can produce. 
D)  healthy work force in the total population. 
A)  capital available to workforce. 
B)  skill embodied in the workforce. 
C)  output the labor force can produce. 
D)  healthy work force in the total population.

Question 4

Differences in growth rates cannot explain why

Accepted Answer

A)  some countries are wealthier than others. 
B)  income inequality exists. 
C)  the convergence hypothesis may hold. 
D)  the productivity growth rates in China and Japan are converging. 
A)  some countries are wealthier than others. 
B)  income inequality exists. 
C)  the convergence hypothesis may hold. 
D)  the productivity growth rates in China and Japan are converging.

Question 5

College tuition expenses have risen from 1982 to 2012 by

Accepted Answer

A)  an amount equal to prices in general. 
B)  an amount greater than average prices. 
C)  an amount less than average prices. 
D)  the amount of the percentage increase in the overall CPI. 
A)  an amount equal to prices in general. 
B)  an amount greater than average prices. 
C)  an amount less than average prices. 
D)  the amount of the percentage increase in the overall CPI.

Question 6

Improvements in human capital and education played a major role in the productivity improvements of the U.S. economy from 1995 to 2009.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following statements is not true?

Accepted Answer

A)  There is a wage premium for investing in high levels of education. 
B)  The wage premium of men and women college graduates has been increasing over time. 
C)  Better-educated individuals are more productive. 
D)  Public policy initiatives that support on-the-job training have been met with mixed results. 
A)  There is a wage premium for investing in high levels of education. 
B)  The wage premium of men and women college graduates has been increasing over time. 
C)  Better-educated individuals are more productive. 
D)  Public policy initiatives that support on-the-job training have been met with mixed results.

Question 8

The new growth theory explains why foreign students choose to study in

Accepted Answer

A)  the United Kingdom. 
B)  Singapore. 
C)  the United States. 
D)  China. 
A)  the United Kingdom. 
B)  Singapore. 
C)  the United States. 
D)  China.

The convergence hypothesis suggests that poor countries may close the income gap with rich countries.

The distinction between productivity levels and productivity growth rates is theoretical and has no practical application.

Human capital is the amount of

Differences in growth rates cannot explain why

College tuition expenses have risen from 1982 to 2012 by

Improvements in human capital and education played a major role in the productivity improvements of the U.S. economy from 1995 to 2009.

Which of the following statements is not true?

The new growth theory explains why foreign students choose to study in

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

Contemporary Issues in the Us Economy

Filters

Exam 23: Economic Growth: Theory and Policy

The convergence hypothesis suggests that poor countries may close the income gap with rich countries.

The distinction between productivity levels and productivity growth rates is theoretical and has no practical application.

Human capital is the amount of

Differences in growth rates cannot explain why

College tuition expenses have risen from 1982 to 2012 by

Improvements in human capital and education played a major role in the productivity improvements of the U.S. economy from 1995 to 2009.

Which of the following statements is not true?

The new growth theory explains why foreign students choose to study in

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

Contemporary Issues in the Us Economy

Filters