LABRST 3A03 Lecture 3: Chapter 2 pt2

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limewolf4

27 Sep 2017

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It shows the male participation is declining with per capital income (possibly with higher wages) It seems that richer countries have higher female participation rates. People in more developed countries are wo(cid:373)e(cid:374)"s (cid:373)arket work more accepting of women in the workforce labour force participation rate = labour force (unemployed+employed)/ working age population unemployment rate = unemployed/labour force. Hours: hours of work, hours per day, day per week, weeks per year. It may affect the quantity and the quality of labour supply.

Related Questions

1. More people in high-income countries than in low-income countries tend to believe that rapid rates of economic growth are not desirable.

Some people in ______-income countries are ______ with certain consequences of rapid economic growth, such as higher standard of living.

-in low-income countries -are concerned with

-in high-income countries -are satisfied with

2. Which of the following best explains what is actually happening to real per capita GDPs of countries?

a. Lower-income countries have not caught up to higher-income countries at all.

b. Lower-income industrial countries are catching up with higher-income industrial countries.

c. Most countries now have similar real per capita GDP levels.

d. Poor countries are generally catching up with rich countries.

According to estimates presented in the textbook, which of the following factors made the smallest contribution to U.S. growth between 1928 and 1997?

A) Technology.
B) Human capital.
C) Physical capital.
D) Labor.

According to economist Hernando DeSoto, the lack of formal property rights in many poor countries limits economic growth because informal property rights:

A) lead to excessive investment in physical, social, and human capital.
B) limit the amount that businesses and households can borrow.
C) result in excessive government regulation.
D) decrease the labor force participation rate.

The theory of convergence depends on the assumption that:

A) population growth falls to replacement levels in all nations.
B) factors of production are mobile across borders.
C) technological advancement slows.
D) production functions have constant returns to scale.

The surge in foreign direct investment experienced by China and India in the early 2000s can best be explained by:

A) their higher marginal productivity of capital, which leads to lower production costs.
B) their lower marginal productivity of capital, which leads to lower production costs.
C) the limits they impose on factor mobility.
D) technological agglomeration.

The idea behind Say's Law is that people work because:

A) they like to work.
B) they want to buy things.
C) they want to accumulate wealth.
D) work gives them social status.

People's knowledge is a type of capital, called human capital.

A) True
B) False

The law of diminishing marginal productivity applies whenever:

A) output is increased.
B) all inputs are increased.
C) only one input is increased.
D) decreasing returns to scale are present.

13.

The theory of convergence argues that poor nations should, if they pursue the right policies,

A) grow at the same rate as rich nations.
B) grow faster than rich nations.
C) develop the same social-welfare structures as rich nations.
D) stop their exploitation by the rich nations.

14.

If increasing returns to scale exist, then an increase in output of exactly 3 percent is most likely to be produced by:

A) a decrease in all inputs of 3 percent.
B) an increase in all inputs of less than 3 percent.
C) an increase in all inputs of 3 percent.
D) an increase in all inputs of more than 3 percent.

15.

The production function is best represented in the following form:

A) Output = A.
B) Output = f(Labor, Capital, Land).
C) Output = A%u2022f(Labor, Capital, Land).
D) Output = [A%u2022f(Labor, Capital, Land)]^b.

16.

The effect of economic growth generally has been to make:

A) the poor poorer and the rich richer.
B) the poor richer and the rich poorer.
C) all income levels richer.
D) the rich richer but not affect the poor.

Scale economies describe what happens to output when:

A) one input changes.
B) all inputs change by the same percentage.
C) technology changes.
D) institutions change.

Human Populations

The world population is estimated to reach 12 billion by the year 2050. Although economic growth has been attained in many countries in recent years it is not catching up with the rate at which population is increasing. The fertility rate (number of children per woman) of Burkina Faso is 6.2 compared to 2.1 and 1.3 of U.S.A and Italy, respectively.

On the Discussion Board, create a new thread and answer the questions below. Answers must use references to literature, readings, and/or personal experience to support comments and demonstrate a thoughtful plan for completing the assignment.

The fertility rate for developing countries like Burkina Faso and Afghanistan are 6.2 and 6.8, respectively, while that of a developed country like the United States is 2.1. List and discuss the driving forces behind why developing countries that have fewer resources have higher fertility rates than developed countries.

Is the current population increase and the projected future population a problem?

The discussion assignment expands your understanding of human populations and fulfills the seven learning objectives listed above.

Instructions

You will be posting your initial response on the discussion board topic, writing 300 words, citing individual experiences and comments, and/or using information from a source that you must cite at the end of your paragraph(s).

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LABRST 3A03 Lecture 3: Chapter 2 pt2

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