Question 1

Which of the following would NOT be expected to increase labor productivity?

Accepted Answer

A)  Technological advance
B)  The acquisition of more education and training by the labor force
C)  An increase in the size of the labor force
D)  The realization of economies of scaleE) A) and B)
F) A) and C)

Question 2

The performance of the children of immigrants graduating from high schools in the United States compared to nonimmigrant children is as follows:

Accepted Answer

A)  forty percent of the students with deficient skills are children of immigrant parents.
B)  sixty percent of the top math and science graduates have immigrant parents.
C)  none of the students selected in the Intel Science Talent Search have ever been from immigrant parents.
D)  children of immigrant parents have reduced the performance averages of our high school graduates.E) All of the above
F) B) and C)

Question 3

As economic development in LDCs progresses,

Accepted Answer

A)  children become an increasingly valuable economic asset.
B)  the birth rate eventually declines.
C)  consumption rises faster than production.
D)  fewer children survive to adulthooD.E) None of the above
F) C) and D)

Question 4

Gross savings are comprised of _______ savings,_______ savings,and _______ savings.

Accepted Answer

personal;b...

Question 5

From 1973 to the early 1990s,U.S.productivity ______,and since the early 1990s,U.S.productivity ______.

Accepted Answer

A)  rose;rose
B)  fell;fell
C)  rose;fell
D)  fell;roseE) B) and C)
F) A) and D)

Question 6

Which of these is the most accurate statement about productivity?

Accepted Answer

A)  One can question whether our measurement of productivity is at all accurate.
B)  It has virtually no reliability or usefulness.
C)  Although it is a poor measure of quantity produced,it is a very useful measure of product quality.
D)  It is much more useful in measuring the output of people working in services than the output of people working in manufacturing.E) A) and D)
F) None of the above

Question 7

Statement I: Our rate of productivity growth has been negative for the last 20 years.
Statement II: Our low rate of savings has slowed our rate of productivity growth.

Accepted Answer

A)  Statement I is true and statement II is false.
B)  Statement II is true and statement I is false.
C)  Both statements are true.
D)  Both statements are false.E) C) and D)
F) None of the above

Question 8

Statement I: Our education system is second to none.
Statement II: In an age when literacy,numerical skills,and problem-solving ability are crucial in the work place,our schools are failing us.

Accepted Answer

A)  Statement I is true and statement II is false.
B)  Statement II is true and statement I is false.
C)  Both statements are true.
D)  Both statements are false.E) B) and C)
F) None of the above

Question 9

The net national savings rate for the United States,compared with that of other industrial nations is

Accepted Answer

A)  much higher.
B)  a little higher.
C)  lower.D) A) and B)
E) None of the above

Question 10

The LDCs have relatively ____ rates of economic growth and relatively ____ rates of population growth.

Accepted Answer

The answer of The LDCs have relatively ____ rates of...

Question 11

Which workers in the following countries worked the least amount of hours in 2008?

Accepted Answer

A)  The United States
B)  Japan
C)  Germany
D)  FranceE) A) and D)
F) None of the above

Question 12

Comparing the American healthcare system to other industrial nations,which of the following statements is FALSE?

Accepted Answer

A)  Americans are admitted to the hospital with less frequency.
B)  Infant mortality rates are higher than in 80 percent of the other industrial countries.
C)  Childhood-immunization rates in the U.S.are lower.
D)  The American life expectancy is above average in comparison to other industrial nations.E) A) and D)
F) All of the above

Question 13

Each of the following has been a drag on our economic growth except

Accepted Answer

A)  health and safety regulations.
B)  environmental protection requirements.
C)  rising health care costs.
D)  technological change.E) A) and B)
F) A) and C)

Question 14

Until the mid-20th century,nearly all economic growth took place in

Accepted Answer

A)  Europe.
B)  Canada and the United States.
C)  Australia and New Zealand.
D)  Japan.
E)  Hong Kong,Taiwan,South Korea,and SingaporE.F) D) and E)
G) C) and D)

Question 15

The sector of the U.S.economy experiencing the highest rate of growth in productivity during the 20th century was the _____________ sector.

Accepted Answer

Question 16

Statement I: Beginning in 1885,Japan doubled its per capita GDP in 34 years.
Statement II: China is presently doubling its per capita GDP every 10 years.

Accepted Answer

A)  Statement I is true and statement II is false.
B)  Statement II is true and statement I is false.
C)  Both statements are true.
D)  Both statements are false.E) A) and B)
F) C) and D)

Question 17

Most of the LDCs find it difficult to accumulate capital goods because

Accepted Answer

A)  the terms of trade prohibit the inflow of private capital from the advanced nations.
B)  it is very difficult to restrict consumption in order to free resources for capital goods production.
C)  domestic monetary policies designed to achieve price stability result in low interest.
D)  investment is interest inelastic in LDCs.E) C) and D)
F) A) and D)

Question 18

Which statement is false?

Accepted Answer

A)  Technological change is the key to productivity growth.
B)  Productivity is output per unit of input.
C)  The only way to build up capital is to consume more and save more.
D)  In the 1950s,1960s,and 1970s,Americans managed to save about 7-8% of disposable income.E) B) and D)
F) A) and C)

Question 19

The Malthusian theory said that population tended to grow in a(n) _____ progression,while the food supply tended to grow in a(n) _____ progression.

Accepted Answer

A)  arithmetic;arithmetic
B)  geometric;geometric
C)  geometric;arithmetic
D)  arithmetic;geometricE) A) and B)
F) A) and C)

Question 20

Statement I.As basic reading,writing,and math skills have declined in the United States,computer skills have increased dramatically.
Statement II.Virtually all economists agree that the more than doubling of our rate of productivity growth since the mid-1990s was due almost entirely to the more widespread use of computers.

Accepted Answer

A)  Statement I is true and statement II is false.
B)  Statement II is true and Statement I is false.
C)  Both statements are true.
D)  Both statements are false.E) B) and C)
F) A) and B)

Exam 16: Economic Growth and Productivity

Most of the LDCs find it difficult to accumulate capital goods because

Correct Answer
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The sector of the U.S.economy experiencing the highest rate of growth in productivity during the 20^th century was the _____________ sector.

Correct Answer
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The performance of the children of immigrants graduating from high schools in the United States compared to nonimmigrant children is as follows:

Correct Answer
verified

The LDCs have relatively rates of economic growth and relatively rates of population growth.

Correct Answer
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Which of these is the most accurate statement about productivity?

Correct Answer
verified

Comparing the American healthcare system to other industrial nations,which of the following statements is FALSE?

Correct Answer
verified

Statement I: Beginning in 1885,Japan doubled its per capita GDP in 34 years. Statement II: China is presently doubling its per capita GDP every 10 years.

Correct Answer
verified

Which of the following would NOT be expected to increase labor productivity?

Correct Answer
verified

Statement I: Our rate of productivity growth has been negative for the last 20 years. Statement II: Our low rate of savings has slowed our rate of productivity growth.

Correct Answer
verified

Gross savings are comprised of ___ savings,_ savings,and _____ savings.

Correct Answer
verified
personal;b...
View Answer

Which workers in the following countries worked the least amount of hours in 2008?

Correct Answer
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The Malthusian theory said that population tended to grow in a(n) _ progression,while the food supply tended to grow in a(n) _ progression.

Correct Answer
verified

Each of the following has been a drag on our economic growth except

Correct Answer
verified

As economic development in LDCs progresses,

Correct Answer
verified

Which statement is false?

Correct Answer
verified

From 1973 to the early 1990s,U.S.productivity ,and since the early 1990s,U.S.productivity .

Correct Answer
verified

The net national savings rate for the United States,compared with that of other industrial nations is

Correct Answer
verified

Until the mid-20^th century,nearly all economic growth took place in

Correct Answer
verified

Correct Answer
verified

Statement I: Our education system is second to none. Statement II: In an age when literacy,numerical skills,and problem-solving ability are crucial in the work place,our schools are failing us.

Correct Answer
verified

Exam 16: Economic Growth and Productivity

Most of the LDCs find it difficult to accumulate capital goods because

Correct AnswerverifiedShow Answer

The sector of the U.S.economy experiencing the highest rate of growth in productivity during the 20th century was the _____________ sector.

Correct AnswerverifiedShow Answer

The performance of the children of immigrants graduating from high schools in the United States compared to nonimmigrant children is as follows:

Correct AnswerverifiedShow Answer

The LDCs have relatively ____ rates of economic growth and relatively ____ rates of population growth.

Correct AnswerverifiedShow Answer

Which of these is the most accurate statement about productivity?

Correct AnswerverifiedShow Answer

Comparing the American healthcare system to other industrial nations,which of the following statements is FALSE?

Correct AnswerverifiedShow Answer

Statement I: Beginning in 1885,Japan doubled its per capita GDP in 34 years. Statement II: China is presently doubling its per capita GDP every 10 years.

Correct AnswerverifiedShow Answer

Which of the following would NOT be expected to increase labor productivity?

Correct AnswerverifiedShow Answer

Statement I: Our rate of productivity growth has been negative for the last 20 years. Statement II: Our low rate of savings has slowed our rate of productivity growth.

Correct AnswerverifiedShow Answer

Gross savings are comprised of _______ savings,_______ savings,and _______ savings.

Correct Answerverifiedpersonal;b...View AnswerShow Answer

Which workers in the following countries worked the least amount of hours in 2008?

Correct AnswerverifiedShow Answer

The Malthusian theory said that population tended to grow in a(n) _____ progression,while the food supply tended to grow in a(n) _____ progression.

Correct AnswerverifiedShow Answer

Each of the following has been a drag on our economic growth except

Correct AnswerverifiedShow Answer

As economic development in LDCs progresses,

Correct AnswerverifiedShow Answer

Which statement is false?

Correct AnswerverifiedShow Answer

From 1973 to the early 1990s,U.S.productivity ______,and since the early 1990s,U.S.productivity ______.

Correct AnswerverifiedShow Answer

The net national savings rate for the United States,compared with that of other industrial nations is

Correct AnswerverifiedShow Answer

Until the mid-20th century,nearly all economic growth took place in

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Statement I: Our education system is second to none. Statement II: In an age when literacy,numerical skills,and problem-solving ability are crucial in the work place,our schools are failing us.

Correct AnswerverifiedShow Answer

Correct Answer
verified

The sector of the U.S.economy experiencing the highest rate of growth in productivity during the 20^th century was the _____________ sector.

Correct Answer
verified

Correct Answer
verified

The LDCs have relatively rates of economic growth and relatively rates of population growth.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Gross savings are comprised of ___ savings,_ savings,and _____ savings.

Correct Answer
verified
personal;b...
View Answer

Correct Answer
verified

The Malthusian theory said that population tended to grow in a(n) _ progression,while the food supply tended to grow in a(n) _ progression.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

From 1973 to the early 1990s,U.S.productivity ,and since the early 1990s,U.S.productivity .

Correct Answer
verified

Correct Answer
verified

Until the mid-20^th century,nearly all economic growth took place in

Correct Answer
verified

Correct Answer
verified

Correct Answer
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