Question 1

What is one of the consequences of accumulating capital?

Accepted Answer

A)  Accumulating capital requires that society sacrifice consumption in the present. 
B)  Accumulating capital allows society to consume more in the present. 
C)  Accumulating capital decreases saving rates. 
D)  Accumulating capital increases income inequality. 
A)  Accumulating capital requires that society sacrifice consumption in the present. 
B)  Accumulating capital allows society to consume more in the present. 
C)  Accumulating capital decreases saving rates. 
D)  Accumulating capital increases income inequality.

Question 2

According to the traditional view of the production process, how does output per worker change when capital per worker increases?

Accepted Answer

A)  It increases. This increase is larger at larger values of capital per worker. 
B)  It increases. This increase is smaller at larger values of capital per worker. 
C)  It increases. This increase is the same at all values of capital per worker. 
D)  It decreases. This decrease is larger at larger values of capital per worker. 
A)  It increases. This increase is larger at larger values of capital per worker. 
B)  It increases. This increase is smaller at larger values of capital per worker. 
C)  It increases. This increase is the same at all values of capital per worker. 
D)  It decreases. This decrease is larger at larger values of capital per worker.

What is one of the consequences of accumulating capital?

According to the traditional view of the production process, how does output per worker change when capital per worker increases?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Saving, Investment, and the Financial System

Unemployment and Its Natural Rate

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Small Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

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Exam 7: Production and Growth

What is one of the consequences of accumulating capital?

According to the traditional view of the production process, how does output per worker change when capital per worker increases?

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Measuring a Nations Income

Measuring the Cost of Living

Saving, Investment, and the Financial System

Unemployment and Its Natural Rate

The Monetary System

Money Growth and Inflation

Open-Economy Macroeconomics: Basic Concepts

A Macroeconomic Theory of the Small Open Economy

Aggregate Demand and Aggregate Supply

The Influence of Monetary and Fiscal Policy on Aggregate Demand

The Short-Run Tradeoff Between Inflation and Unemployment

Five Debates Over Macroeconomic Policy

Filters