EXAM

# EXAM

2
Asked by 2 years ago
0 points

Question 1 of 10 10.0/ 10.0 Points Technological progress occurs when the economy gets more output Correct
A. without any more capital or labor.

B. by using more capital per worker.

C. by using more capital but not more workers.

D. by using more labor but not more capital.


Question 2 of 10 10.0/ 10.0 Points If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience

A. capital augmentation.

B. investment deepening.

C. labor intensity.
D. capital deepening.


Question 3 of 10 10.0/ 10.0 Points Increases in net investment generally result in

A. lower levels of capital stock and lower levels of depreciation.

C. higher levels of capital stock and higher levels of depreciation.

D. higher levels of capital stock and lower levels of depreciation.


Question 4 of 10 10.0/ 10.0 Points Nations that borrow from abroad to support current investment will

A. always be better off in the future.

B. always sacrifice future consumption.
C. be better off in the future if the investments are profitable.

D. sacrifice future consumption only if the investments are profitable.


Question 5 of 10 10.0/ 10.0 Points Nations that borrow from abroad to support current consumption

A. will always be better off in the future.

B. will always sacrifice future consumption.

C. may sacrifice future consumption.

D. will always sacrifice current consumption.


Question 6 of 10
Trade deficits always lead to future decreases in consumption if the trade deficits

A. support current investment.

B. support current consumption.

C. support either current investment or current consumption.
D. require borrowing from abroad.


Question 7 of 10 10.0/ 10.0 Points

An event that allows the economy to operate more efficiently by producing more outputs without using any more inputs is referred to as

A. absolute progress.

B. efficiency progress.

C. capital investment.
D. technological progress.


Question 8 of 10 10.0/ 10.0 Points It is possible for an economy to become more productive and per-capita output to increase if

A. new ideas are generated.

B. inventions are developed.

C. technology is improved.
D. all of the above


Question 9 of 10 10.0/ 10.0 Points Knowledge and skills are part of ________ in an economy.

A. educational functions
B. human capital

C. market growth

D. innovation


Answer Key: B Question 10 of 10 10.0/ 10.0 Points Economic growth is severely impeded in economies A. with a lack of clear property rights.

B. with a strong central government.

C. with high rates of convergence.

D. which encourage induced innovation.

EXAM
247OnlineHero

2
Answered by 2 years ago
0 points

#### Oh Snap! This Answer is Locked

Thumbnail of first page

Excerpt from file: Question 1 of 10 10.0/ 10.0 Points Technological progress occurs when the economy gets more output Correct A. without any more capital or labor. B. by using more capital per worker. C. by using more capital but not more workers. D. by using more labor but not more capital. Answer Key: A Question 2

Filename: 57-83.docx

Filesize: < 2 MB

Print Length: 6 Pages/Slides

Words: 472

Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0$ or $$\beta^2-1=0$$

Use LaTeX to type formulas and markdown to format text. See example.