RHW11ANS - Rhw11 1 7 28 29 38 44 47 50 51 52 Question1...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Rhw11 1 7 28 29 38 44 47 50 51 52 Question1 - Single Correct 1.0 Point Towards the end of the twentieth century, some of the world's more affluent countries experience robust growth while others experienced growth slowdown or even stagnation. Which of the following is not a reason for the divergent growth trend? A disparities in the rate of accumulation of human capital B unwillingness to enforce property rights C disparities in the employment rate D differences in macroeconomic policymaking that allow producers to take a long-term view MURKY, BUT SINCE TALKING ABOUT AFFLUENT COUNTRIES, MOST/ALL DO ENFORCE PROPERTY RIGHTS. THEY DO HAVE DIFFERENT SAVING RATES (HENCE DIFFERENT INVESTMENT=CAPITAL ACCUMULATION RATES), DIFFERENCES IN EMPLOYMENT DUE TO LABOR MARKET POLICIES AND DIFFERENT POLICY MAKING FRAMEWORKS THAT LIKELY IMPACT LR GROWTH Question7 - Single Correct 1.0 Point Which of the following is a cost of economic growth? A the sacrifice of current consumption B inflation in consumption goods C the sacrifice of future consumption D excessive depletion of a nation's natural resources GROWTH REQUIRES INVESTMENT WHICH REQUIRES SAVING WHICH IS THE SACRIFICE OF CURRENT CONSUMPTION (SAVING = INCOME – CONSUMPTION) Question28 - Single Correct 1.0 Point An increase in saving A decreases the amount of resources available for investment. B increases the amount of resources that can be devoted to the purchase of capital goods.
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 02/05/2012 for the course 331 464 taught by Professor Hsu during the Spring '09 term at Rutgers.

Page1 / 4

RHW11ANS - Rhw11 1 7 28 29 38 44 47 50 51 52 Question1...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online