Chapter 12: production, and growth.
5. Which of the following is human capital?
A. a student loan
B. understanding how to use a company's accounting software
C. training videos for new corporate employees
D. All of the above are correct.
6. One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. The growth that arises from capital accumulation is not a free lunch. It requires that society
A. conserve resources for future generations.
B. sacrifice consumption of goods and services now in order to enjoy more consumption in the future.
C. recycle resources so that future generations can produce goods and services with the accumulated capital.
D. None of the above is correct.
7. Other things the same, a country that increases its savings rate will have
A. higher future capital and higher future real GDP per person.
B. higher future capital but not higher future real GDP per person.
C. higher future real GDP per person but not higher future capital.
D. neither higher future capital nor higher future real GDP per person.
Chapter 12: production, and growth.
5. Which of the following is human capital?
A. a student loan
B. understanding how to use a company's accounting software
C. training videos for new corporate employees
D. All of the above are correct.
6. One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. The growth that arises from capital accumulation is not a free lunch. It requires that society
A. conserve resources for future generations.
B. sacrifice consumption of goods and services now in order to enjoy more consumption in the future.
C. recycle resources so that future generations can produce goods and services with the accumulated capital.
D. None of the above is correct.
7. Other things the same, a country that increases its savings rate will have
A. higher future capital and higher future real GDP per person.
B. higher future capital but not higher future real GDP per person.
C. higher future real GDP per person but not higher future capital.
D. neither higher future capital nor higher future real GDP per person.
Related textbook solutions
Related questions
Suppose the U.S offered a tax credit for firms that built new factories in the U.S. Then __________
|
a |
The demand for loanable funds would shift rightward, initially creating a surplus of loanable funds at the original interest rate. |
|
b |
The demand for loanable funds would shift right, initially creating a shortage of loanable funds at the original interest rate. |
|
c |
The supply of loanable funds would shift rightward, initially creating a surplus of loanable funds at the original interest rate. |
|
d |
The supply of loanable funds would shift rightward, initially creating a shortage of loanable funds at the original interest rate. |
multiple_choice63469124Question 2 (1 point)
Which of the following statements are correct?
|
a |
A general, persistent decline in stock prices may signal that the economy is about to enter a boom period because people will be able to buy stock for less money. |
|
b |
A general, persistent decline in stock prices may signal that the economy is about to enter a recession because low stock prices may mean that people are expecting low corporate profits. |
|
c |
A general, persistent decline in stock prices may signal that the economy is about to enter a recession because low stock prices mean that corporations have had low profits in the past. |
|
d |
Expectations about the business cycle have no impact on stock prices. |
multiple_choice63469064Question 3 (1 point)
Suppose that a new government is elected in Lawrencia. The new government takes steps toward improving the court system and reducing government corruption. The citizens of Lawrence find these efforts credible and outsiders believe these changes will be effective and long-lasting. These changes will probably __________
|
a |
Raise real GDP per person and productivity in Lawrencia. |
|
b |
Raise real GDP per person but not productivity in Lawrencia. |
|
c |
Raise productivity but not real GDP per person in Lawrencia. |
|
d |
Raise neither productivity nor real GDP per person in Lawrencia. |
multiple_choice63469078Question 4 (1 point)
Other things the same, a country that increases its savings rate increases __________
|
a |
Its future productivity and future real GDP. |
|
b |
Neither its future productivity nor future real GDP. |
|
c |
Its future productivity but not its future real GDP. |
|
d |
Its future real GDP but not its future productivity. |
