Exam 24: Economic Growth: Theory and Policy

The new growth theory would be most likely to lend support for increased government support for

The "cost disease of personal services" phenomenon predicts that the price of tickets to baseball games and cell phone rates will increase at approximately the same rate.

Industrialized countries generally have higher levels of educational attainment compared with poorer countries.

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

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

To promote rapid economic growth, the new growth theory would argue for increased scholarships in

Technological change was a major contributor to the productivity speed-up from 1995-2000.

Which retail operation would have the lowest costs per book sold?

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

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

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

Discuss that factors that help explain the rapid productivity growth in the United States after 1995.

Property rights uncertainty will usually cause

What determines the productivity growth rates of a country?

In general, as the amount of labor input increases, the amount of output

In order to improve living standards for future generations, the economy must

Getting more output from a given amount of inputs is usually the result of increases in

In most countries, primary and secondary education is the responsibility of the

The fastest growing productivity increases in the United States have occurred in the personal services sector.

Which of the following is not one of the three pillars of productivity growth?