Chat with AIExam 11: Long-Run Economic Growth: Sources and Policies
List two ways the labor force experience is different between workers in Europe and in the United States? How do these differences influence productivity?
(32) 
VerifiedIt is harder to fire workers in many European countries as compared to the United States.Firms are less likely to want to hire workers in these European countries and younger workers will have a harder time finding a job.Workers stay on the job longer in these European countries,even if the job is not a good match.Put differently,the lower rate of mobility makes it more likely that the European workers' skills and preferences will not match well with job characteristics.This will lower their productivity relative to the U.S.worker,who tends to have a higher rate of job mobility.
Workers in the United States tend to experience fewer long spells of unemployment than do European workers.This is in part due to unemployment insurance.Workers in the United States receive unemployment insurance for a shorter time and the payments are less compared to their European counterparts.They are employed for longer periods of time and tend to have higher skills and greater productivity as compared to European workers.
To what do economists attribute the rapid growth of labor productivity in the United States relative to other countries?
(31) VerifiedA
Figure 22-2
-Refer to Figure 22-2. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so,these countries were essentially preventing a moment from
-Refer to Figure 22-2. Many countries in Africa strongly discouraged and prohibited foreign direct investment in the 1950s and 1960s. By doing so,these countries were essentially preventing a moment from (42) VerifiedB
If GDP per capita rises by 2% between 2011 and 2012,which of the following is necessarily true?
(29) Which of the following describes the Soviet Union's economy through most of the second half of the 20th century?
(39) In the long run,a country will experience an increasing standard of living only if it experiences
(36) Which of the following accurately describes economic growth and standards of living between 1,000,000 B.C.and 1300 A.D.?
(33) One of the results of Paul Romer's new growth theory is that investment in research and development will be too low in an economy.Explain how he comes to this conclusion.
(28) By offering less generous unemployment insurance programs,the United States can expect
(34) Which of the following is not a reason why low-income countries might experience low economic growth?
(36) Figure 22-2
-Refer to Figure 22-2.Suppose the per-worker production function in the figure above represents the production function for the U.S.economy. If the United States decided to cut its support of university research in half,this would cause a movement from
-Refer to Figure 22-2.Suppose the per-worker production function in the figure above represents the production function for the U.S.economy. If the United States decided to cut its support of university research in half,this would cause a movement from (35) According to new growth theory,firms accumulate the efficient level of both physical and knowledge capital.
(22) Which of the following is an example of foreign portfolio investment?
(35) According to a study by economists Raymond Fisman and Edward Miguel,as the ________ increases ,so does the number of parking violations by the country's United Nations delegates.
(42) Technological change allows the economy to produce more output with the same amount of capital and labor.
(34) 
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