FinalExam2012_noAnswers

Explain your answer 3 points

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Unformatted text preview: new tax rate? [3 points] c. What type of pension program does this world have? [1 point] 5. TRUE/FALSE: Please indicate if the statement is true or false. Be sure to mark an answer as false if the result is not necessarily true. [1 point each] a. A defined benefit PAYGO system will increase in total cost if the number of retirees increases. b. A defined benefit PAYGO system will increase in per worker cost if the number of retirees increases. c. A defined contribution prefunded system will be bankrupted if the fertility rate suddenly falls. d. Retirement as an extended period of life among healthy individuals is a relatively new (20th century) phenomenon. e. Since the 1980s, labor force participation for men over the age of 55 has declined. f. Lowering the implicit tax rate creates an incentive for individuals to retire later. 6 Name (Last, First): SID: SECTION 3: MALTHUSIAN THEORY [16 POINTS] MULTIPLE CHOICE: Please select the best answer to the question. There is only one answer to the question unless otherwise indicated. [1 point each] 1. From the standard Malthusian theory, if the curve relating population size to wage shifts outward from the origin, the resulting wage will be higher for: a. Dense populations b. Small populations c. Stable populations d. Two of the above e. All of the above 2. According to the standard Malthusian model, when wages are low, a relatively small change in the wage rate will have: a. A relatively small effect on mortality b. A relatively large effect on mortality 3. According to Boserup, the choice of a food production system is about choosing which of the following? a. Appropriate pace of technological progress b. Ideal population size c. Annual cropping technique d. Appropriate factor mix 4. In two sentences or less for each, explain the Technology Pull Theory and the Population Push Theory. Specifically identify what is exogenous and endogenous to each theory, and who it was supported by—Malthus or Boserup. [3 points] 7 Name (Last, First): SID: Consider the country Xuli, and assume it is a typical country in a stable equilibrium as envisioned by Malthusian theory. 5...
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