ihw12ANS

ihw12ANS - Ihw12 Question2 - Single Correct A B C D 1.0...

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Ihw12 Question2 - Single Correct 1.0 Point Generally, what must be sacrificed in order to build more capital now is A Real GDP now. B consumption now. C Real GDP in the future. D consumption in the future. C DOWN -> S UP -> I UP (IN THE LR) ->CAPITAL UP Question9 - Single Correct 1.0 Point Which of the following does not contribute to an improved standard of living? A increases in the amount and quality of available resources B better technology C lower prices for the necessities of life D improvements in the “rules of the game” E increases in the quality of labor IMPROVED STANDARD OF LIVING MEANS MORE OUTPUT PER PERSON, ALL BUT C CONTRIBUTE TO GROWTH AND INCREASING REAL PER CAPITA GDP. WITH LOWER PRICES FOR NECESSITIES, THE QUANTITY IS UNCHANGED AND WE CAN’T HAVE ANY MORE. PUNCH LINE – GROWTH MEANS MORE STUFF FOR EVERYONE Question10 - Single Correct 1.0 Point Income in developing countries like India and Indonesia A is 1/10th or less of that in developed countries like Japan and the United States. B is about 1/8th of that in developed countries like Japan and the United States. C is about 1/5th of that in developed countries like Japan and the United States. D is about 1/3 to 1/2 of that in developed countries like Japan and the United States. A FACT Question11 - Single Correct 1.0 Point A government policy of aiding producers who are most likely to do well in the world marketplace is called
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A industrial policy. B import-substitution policy. C tariff policy. D global policy. ALSO A FACT – USED (ULTIMATELY UNSUCESSFULY) BY JAPAN AND IN USE BY CHINA NOW TO SOME DEGREE Question12 - Single Correct 1.0 Point Technological knowledge refers to A human capital. B available information on how to produce things. C resources expended transmitting society's understanding to the labor force.
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ihw12ANS - Ihw12 Question2 - Single Correct A B C D 1.0...

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