Question 1

How can economic growth help a country combat "brain drain"?

Accepted Answer

A) Economic growth increases the incomes of low-skilled workers relative to high-skilled workers. 
B) Economic growth opens up opportunities for better jobs and higher incomes for skilled workers. 
C) Economic growth allows highly skilled persons to earn more in a foreign country than in their native country. 
D) Economic growth combined with decreasing returns to human capital require workers to achieve steadily higher and higher levels of education over time. 
A) Economic growth increases the incomes of low-skilled workers relative to high-skilled workers. 
B) Economic growth opens up opportunities for better jobs and higher incomes for skilled workers. 
C) Economic growth allows highly skilled persons to earn more in a foreign country than in their native country. 
D) Economic growth combined with decreasing returns to human capital require workers to achieve steadily higher and higher levels of education over time.

Question 2

The Soviet Union consistently increased the amount of capital available to its workers,but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker.This phenomenon is referred to as

Accepted Answer

A) a rising standard of living. 
B) diminishing returns to capital. 
C) new growth theory. 
D) a shift of the per-worker production function. 
A) a rising standard of living. 
B) diminishing returns to capital. 
C) new growth theory. 
D) a shift of the per-worker production function.

How can economic growth help a country combat "brain drain"?

The Soviet Union consistently increased the amount of capital available to its workers,but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker.This phenomenon is referred to as

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency,government Price Setting,and Taxes

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money,banks,and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation,unemployment,and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters

Exam 11: Long-Run Economic Growth: Sources and Policies

How can economic growth help a country combat "brain drain"?

The Soviet Union consistently increased the amount of capital available to its workers,but found that increases in capital resulted in progressively smaller and smaller increases in GDP per worker.This phenomenon is referred to as

Economics: Foundations and Models

Trade-Offs, comparative Advantage, and the Market System

Where Prices Come From: the Interaction of Demand and Supply

Economic Efficiency,government Price Setting,and Taxes

The Economics of Health Care

Firms, the Stock Market, and Corporate Governance

Comparative Advantage and the Gains From International Trade

Gdp: Measuring Total Production and Income

Unemployment and Inflation

Economic Growth, the Financial System, and Business Cycles

Aggregate Expenditure and Output in the Short Run

Aggregate Demand and Aggregate Supply Analysis

Money,banks,and the Federal Reserve System

Monetary Policy

Fiscal Policy

Inflation,unemployment,and Federal Reserve Policy

Macroeconomics in an Open Economy

The International Financial System

Filters