Question 1

Advovates of "sustainability":

Accepted Answer

A)  are "eco-bully" extremists 
B)  are concerned with the ecological viability and impacts of economic growth 
C)  argue that all current environmental damage should be tolerated because it is future generations' responsibility to devise solutions 
D)  heavily discount environmental costs 
A)  are "eco-bully" extremists 
B)  are concerned with the ecological viability and impacts of economic growth 
C)  argue that all current environmental damage should be tolerated because it is future generations' responsibility to devise solutions 
D)  heavily discount environmental costs

Question 2

Economists have fully explained the productivity slowdown and prescribed the appropriate corrective policies so that it cannot happen again.

Accepted Answer

A) True 
 B)False

Question 3

The vicious circle of poverty experienced by lesser-developed nations starts with low consumption spending.

Accepted Answer

A) True 
 B)False

Question 4

Advanced countries tend to invest more in human capital than developing countries.

Accepted Answer

A) True 
 B)False

Question 5

The final stage of Rostow's theory of economic development is the take-off stage.

Accepted Answer

A) True 
 B)False

Question 6

Low investment in physical and human capital may be attributed to low saving and insufficient aggregate demand.

Accepted Answer

A) True 
 B)False

Question 7

A major concern about whether living standards can continue to rise in the United States is that:

Accepted Answer

A)  the population will be very young and unskilled beyond the mid-1990s 
B)  productivity has been growing at more than 7 percent annually 
C)  the means-wants dilemma has been conquered 
D)  the population is aging and slower labor force growth 
A)  the population will be very young and unskilled beyond the mid-1990s 
B)  productivity has been growing at more than 7 percent annually 
C)  the means-wants dilemma has been conquered 
D)  the population is aging and slower labor force growth

Question 8

Real GDP per capita is calculated by dividing real GDP by population.

Accepted Answer

A) True 
 B)False

Question 9

Each decade in the post-World War II period has exhibited a rising average annual growth rate in output per worker-hour.

Accepted Answer

A) True 
 B)False

Advovates of "sustainability":

Economists have fully explained the productivity slowdown and prescribed the appropriate corrective policies so that it cannot happen again.

The vicious circle of poverty experienced by lesser-developed nations starts with low consumption spending.

Advanced countries tend to invest more in human capital than developing countries.

The final stage of Rostow's theory of economic development is the take-off stage.

Low investment in physical and human capital may be attributed to low saving and insufficient aggregate demand.

A major concern about whether living standards can continue to rise in the United States is that:

Real GDP per capita is calculated by dividing real GDP by population.

Each decade in the post-World War II period has exhibited a rising average annual growth rate in output per worker-hour.

Toward a Twenty-First Century Economic Agenda: Goals and Possibilities

The Market Economy: Pure and Simple

Government in the Economy: The Limits of Intervention

The Historical Foundation of American Economic Institutions and Ideas

When Firms Act As Pricemakers: Competition Versus Monopoly

The Economics of Externalities and the Environment

Health-Care Issues

Factor Markets: Pricing and Productivity

The Distribution of Income: Dividing the Economic Pie

Government Expenditures and Taxation

Accounting for Economic Fluctuations: Aggregate Demand and Aggregate Supply Analysis

Employment and Unemployment: Who Is Out of Work and Why

The Federal Debt and Deficit Crisis: The Limits of Fiscal Policy

Keeping Inflation Under Control: The Limits of Monetary Policy

America in the World: International Trade

America in the World: International Finance

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Exam 12: Maintaining a Rising Level of Output: The Importance of Economic Growth

Advovates of "sustainability":

Economists have fully explained the productivity slowdown and prescribed the appropriate corrective policies so that it cannot happen again.

The vicious circle of poverty experienced by lesser-developed nations starts with low consumption spending.

Advanced countries tend to invest more in human capital than developing countries.

The final stage of Rostow's theory of economic development is the take-off stage.

Low investment in physical and human capital may be attributed to low saving and insufficient aggregate demand.

A major concern about whether living standards can continue to rise in the United States is that:

Real GDP per capita is calculated by dividing real GDP by population.

Each decade in the post-World War II period has exhibited a rising average annual growth rate in output per worker-hour.

Toward a Twenty-First Century Economic Agenda: Goals and Possibilities

The Market Economy: Pure and Simple

Government in the Economy: The Limits of Intervention

The Historical Foundation of American Economic Institutions and Ideas

When Firms Act As Pricemakers: Competition Versus Monopoly

The Economics of Externalities and the Environment

Health-Care Issues

Factor Markets: Pricing and Productivity

The Distribution of Income: Dividing the Economic Pie

Government Expenditures and Taxation

Accounting for Economic Fluctuations: Aggregate Demand and Aggregate Supply Analysis

Employment and Unemployment: Who Is Out of Work and Why

The Federal Debt and Deficit Crisis: The Limits of Fiscal Policy

Keeping Inflation Under Control: The Limits of Monetary Policy

America in the World: International Trade

America in the World: International Finance

Filters