QUESTION 1

1. The largest contributor to productivity growth are:
2. A.The size of economy.
3. B.Location of the demand Curve.
4. C.Number of buyers in the market.
5. D.Technological advances.

5 points

QUESTION 2

1. When society increases the level of capital per person, the result is called______________. It can apply both to additional human capital per worker and to additional physical capital per worker.
2. A.Human capital
3. B.Capital Deepening
4. C.Specialization
5. D.Employment

5 points

QUESTION 3

1. Technological change is combination of
2. invention advances in knowledge—and innovation
5. advances in knowledge
7. innovation
8. All of the above

5 points

QUESTION 4

1. Two prominent members of the fast growth club are _________, which between them have nearly 40% of the world’s population.
2. A.China and India
3. B.Indonesia and Malaysia
4. C.Poland and Ireland
5. D.Brazil and England

5 points

QUESTION 5

1. Critics of growth argues the following, except:
2. A.Growth has caused uncontrolled pollution.
3. B.Growth has not solved any social problem.
4. C.Growth is not sustainable.
5. D.Growth cannot be controlled

5 points

QUESTION 6

1. The first determinant of labor productivity is human capital.Human capital is the accumulated knowledge from:
2. A.Experience, knowledge student body size.
3. B.Education and experience, skills, and expertise that the average worker in an economy possesses
4. C.Experience, location, labor hours.
5. D.Technical skill, population size.

5 points

QUESTION 7

1. Which is not component of Aggregate production function
2. Workforce
3. Human Capital
4. Physical capital, technolgy
5. Unemployment

5 points

QUESTION 8

1. The following are all determinants of growth except:
2. A.The supply factors.
4. B.The demand Factor.
5. C.The allocation factor.
6. D.The efficiency factor.

5 points

QUESTION 9

1. The ability of low GDP/capita countries to “catch up” with high GDP/capita countries is called:
2. A.Competition
3. B.Consumer sovergenity
4. C.Convergence
5. D.Conveyance

5 points

QUESTION 10

1. An overall pattern of convergence is clear. The _______ countries have GDP growth that is_____ than that of the middle-income countries,
2. A.low income , slower
3. B.High income , faster
4. C.High income, slower
5. D.low-income ,Faster

5 points

QUESTION 11

1. All of the following factors are critical for economic growth, except
2. A.Contractual rights
3. B.Imminent domain
4. C.Property rights
5. D.Rule of law

5 points

QUESTION 12

1. Area of a country, usually with access to a port where, among other benefits, the government does not tax trade:
2. SEZ (Special economic Zone)
3. Sector
4. S corp
5. Safe harbour

5 points

QUESTION 13

1. Modern Economic growth began with:
2. A.With the signing of Magna Carta on 1215 in England.
3. B.At the outset of world War 1.
4. C.Around 1776 when James Watt perfected the steam engine.
5. D.with the start of Industrial Revolution around 1900.

5 points

QUESTION 14

1. Te quality of “human Capital” includes all of the following except:
2. A.Eduction.
3. B.Size of population.
4. C.Experience
5. D.Knowledge.

5 points

QUESTION 15

1. The development of new _________can provide a way for an economy to sidestep the diminishing marginal returns of capital deepening.
2. Investment
3. Utility
4. Technology .
5. Increase in population

5 points

QUESTION 16

1. Which of the following statement is correct:
2. A.Capital can only complement labor.
3. B.Capital makes labor less productive.
4. C.A non determinants of labor productivity is the amount of capital goods available per worker.
5. D.A nation acquires more capital by saving some of its income and uses it to invest in plants and equipments.

5 points

QUESTION 17

1. The principle measurement of the economic success of a nation is:
2. A.The Gross Domestic Product (GDP) in nominal term.
3. B.The Gross Domestic Product (GDP) in real term.
4. C.Nominal GDP per capita
5. D.Real GDP per capita

5 points

QUESTION 18

1. Which is not one of important areas that governments around the world have chosen to invest in to facilitate capital deepening and technology:
2. A.Education, infrstructure
3. B.Special economic zone
4. C.Scientific reserch
5. D.Pollution control

5 points

QUESTION 19

1. Institutional structure which promotes “Modern Economic Growth” are except
2. A.Free trade.
3. B.Inefficient Financial institutions.
4. C.A competitive market system
5. D.Patents and copyright’s.

5 points

QUESTION 20

1. Since the civil war, the U.S economy has been trans formed from primarily________________economy to ________and ________.
2. Services, technology,agriculture.
3. rural and agriculture, services , technolgy
4. Technology , agriculture, rural
5. Services,technology , maintenance.

ScholarMatic: Explanation & Answer

Your ready answer from a verified tutor is just a click away for as little as $14.99

---

  

Click Order Now to get 100% Original Answer Customized to your instructions!