Homework Answers
(1) Option (1)
Modern economic growth stems from advancement in technological endowments and higher speed and spread of industrialization. Democracy and culture are only enablers of growth.
(2) Option (2)
Explained as above.
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Which of the following choices is a true statement about the roots of modern economic growth?...
Which of the following factors is NEGATIVELY correlated with economic growth? Group of answer choices collectively...
Which of the following factors is NEGATIVELY correlated with economic growth? Group of answer choices collectively owned resources competitive markets private property rights stable money and prices political stability
1) Which of the following is NOT an argument about economic growth presented in this class?...
1) Which of the following is NOT an argument about economic growth presented in this class? Group of answer choices A) Economic growth is desirable B) Economic growth is not desirable C) Economic growth is necessary but is NOT desirable in any way D) Economic growth is not only desirable but also necessary E) All of the above are arguments presented in this class 2) One argument concerning economic growth made the following argument. Without economic growth, there would likely...
Regarding economic growth, which of the following are components of economic growth a. investment b. technological...
Regarding economic growth, which of the following are components of economic growth a. investment b. technological progress c. growth in labor d. all the above
Which of the following is not true for Economic Moats? A. Economic moats include the following...
Which of the following is not true for Economic Moats? A. Economic moats include the following factors: political, economic, social/cultural, technology, environmental and legal impact. B. Economic moats are either "wide", "narrow" or "none". C. Factors affecting economic moats include: Low-cost producers, high switching costs, network effect, or intangible assets. D. Economic moats refer to the long-term competitive advantage that allows a company to earn oversized profits over time.
Select all that apply 2. Economic growth determinants Which of the following are true of labor...
Select all that apply
2. Economic growth determinants Which of the following are true of labor as a determinant of economic growth? Check all that apply. 0 O An increase in capital goods decreases labor productivity. An increase in the size of the labor force increases real GDP. Technological advances increase labor productivity. Education, training, and experience increase labor productivity. O
Which of the following is a normative statement about economic growth? From 1980 to 2016, the...
Which of the following is a normative statement about economic
growth?
From 1980 to 2016, the average annual growth rate for the Mexican economy has been 0.7 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately Select one: O a. 10 years. b. 22 years. C. 56 years. d. 100 years.
Which of the following are true of capital as a determinant of economic growth? Check all...
Which of the following are true of capital as a determinant of economic growth? Check all that apply. a. Capital investment decreases per capita real GDP. b. As consumption increases, capital formation also increases. c. Countries with higher investment rates tend to have higher growth rates. d. Technological advances allow more output from the same amount of capital.
which of the following about economic growth is true? a. that developed nations are growing rapidly...
which of the following about economic growth is true? a. that developed nations are growing rapidly and the less developed nations or stagnating b. most of the countries that have achieved the highest growth rates in the world during the last quarter of a century were classified as LDCs in 1980 c. it is an oversimplification to divide the world into the growing, developed nations in the stagnating, less developed nations d. both B and C are true e. all...
9. Which of the following is likely to affect the rate of economic growth? Group of...
9. Which of the following is likely to affect the rate of economic growth? Group of answer choices A. the quality of available resources B. the quantity of available resources C. technological change D. all of the above
Which statement about U.S. economic growth since 1950 is true? The 1950s and 1960s were particularly...
Which statement about U.S. economic growth since 1950 is true? The 1950s and 1960s were particularly good decades for growth, and the benefits of growth were more widely shared than they have been in recent decades. The decade of the 1990s was by far the best for growth, as improvements in information technology greatly increased productivity. Growth of GDP per capita has been remarkably constant over this time; no decade stands out as either better or worse than any other....
Select all that apply
2. Economic growth determinants Which of the following are true of labor as a determinant of economic growth? Check all that apply. 0 O An increase in capital goods decreases labor productivity. An increase in the size of the labor force increases real GDP. Technological advances increase labor productivity. Education, training, and experience increase labor productivity. O
Which of the following is a normative statement about economic
growth?
From 1980 to 2016, the average annual growth rate for the Mexican economy has been 0.7 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately Select one: O a. 10 years. b. 22 years. C. 56 years. d. 100 years.
Which statement about U.S. economic growth since 1950 is true? The 1950s and 1960s were particularly good decades for growth, and the benefits of growth were more widely shared than they have been in recent decades. The decade of the 1990s was by far the best for growth, as improvements in information technology greatly increased productivity. Growth of GDP per capita has been remarkably constant over this time; no decade stands out as either better or worse than any other....
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