{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Exam 1 - University of Houston INTB 3353 Economics of...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 University of Houston Spring 2008 INTB 3353: Economics of Globalization Professor Ruxandra Prodan Section 25046 Exam 1 1. For the world as a whole over the last 200 years, the Malthusian predictions a) have increasingly become a reality b) have been avoided because world population has not grown much c) have been averted primarily by new discoveries of natural resources d) have been prevented by technological advances and capital investments e) have been averted because of greater conservation of resources d 2. In the last 40 years, the most severe recession in US was between: b 3. Which of the following is part of the production function? a 4. The amount of labor input used in the production process is best measured by: 5. The diminishing marginal product of capital implies: a) that as nations become poorer, the marginal product of capital declines b) that an extra machine generates less extra output in a country with little capital than in a country with much capital c) that additions to the capital stock produce more incremental output in poor countries than in rich countries d) that wealthy economies will continue to grow richer while poor countries become poorer e) a failure on the part of a nation’s investors to replace depreciated capital equipment c
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
2 6. Between1973-1992, labor input was the most important factor to explain growth in: d 7. Steady-state growth refers to: a 8 . If a country enjoys a higher saving rate, this causes: b
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern