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

Figure 11-4 -Refer to Figure 11-4.Which of the following combinations of points illustrates changes in the Soviet Union's economy from 1950 to 1980?

Foreign direct investment in the United States declined 42 percent in the first quarter of 2009.This means that

In the long run,________ differences in economic growth rates result in ________ differences in GDP per capita.

Knowledge capital is nonrival in the sense that

The purchase or building by a corporation of a facility in a foreign country is called

The U.S.economy has seen a faster increase in productivity since the mid-1990s as compared to the economies of many Western European countries.Which of the following explains this?

According to Douglass North,the Industrial Revolution occurred in England because

If property rights are not enforced in a country,

Figure 11-1 -Refer to Figure 11-1.Suppose the per-worker production function in the figure above represents the production function for the U.S.economy.If the United States decided to double its support of university research,this would cause a movement from

Which of the following has been suggested as reasons for Mexico's slow economic growth?

Which of the following can explain why some countries have not experienced relatively high growth rates in real GDP per capita despite relatively low initial levels of real GDP per capita?

Which of the following is not one of the three sources of technological change?

Of the following countries,which had the highest level of GDP per capita in 2014?

Foreign direct investment declined worldwide during the recession of 2007-2009.The decline in foreign direct investment in developing countries can make it more difficult for these countries to break out of the vicious cycle of low economic growth and

Which of the following countries had the lowest GDP per capita in 2014?

According to Joseph Schumpeter,the theory of creative destruction describes a process by which

Table 11-6 -Refer to Table 11-6.Consider the statistics in the table above in describing the developing countries.Are these consistent with the economic growth model? Briefly explain.

If the per-worker production function shifts up,

In the long run,a country will experience an increasing standard of living only if it experiences

Which of the following is an example of foreign portfolio investment?