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Unformatted text preview: ible explanation of the U.S. productivity slowdown starting in 1973 is that it was the
result of the time needed to adapt to new technology. This explanation would require that
A) little time was spent to learn the new technology.
B) workers withdraw from the labor force to learn about the new technology.
C) a large number of new entrants be attracted to the labor force.
D) managers be reluctant to adopt changes.
E) workers time at their jobs be diverted from production to learning the technology. 11) 12) The Malthusian model has the property that
A) improvements in technology for producing goods leads to increased population growth.
B) increased capital stock leads to increased total factor productivity.
C) increased consumption leads to increased population growth.
D) improvements in standards of living leads to population growth.
E) increased education levels leads to increased population growth. 12) 13) Growth in the Solow residual was slowest in the
C) 1970s. 13) 2 D) 1980s. E) 1990s. 14) The Solow model suggests that, in the long run,
A) production technology must become more efficient.
B) more natural resources must be found.
C) total factor productivity must decline.
D) standards of living must increase.
E) people have to be more educated. 14) 15) Growth accounting, popularized by Robert Solow, attempts to attribute a change in aggregate
A) separately between changes in total factor productivity and changes in government policy.
B) separately between changes in government policy and changes in total factor productivity.
C) separately between changes in the supplies of factors of production and changes in
D) to its most important single cause.
E) separately between changes in total factor productivity and changes in the supplies of factors
of production. 15) 16) There is evidence that income per worker is converging in
A) the richest countries but not the poorest countries.
B) the poorest countries but not the richest countries.
C) neither the richest nor the poorest countries.
D) the richest countries and the poorest countries.
E) the U.S. and in Africa. 16) 17) In the Malthusian model, the population growth rate is
B) negatively related to consumption per worker.
C) positively related to consumption per worker.
D) not related to consumption per worker.
E) assumed to be constant. 17) 18) In more modern times as opposed to the times of Malthus, higher standards of living appear to
A) increase death rates and have no effect on birth rates.
B) decrease death rates and increase birth rates.
C) decrease death rates and have no effect on birth rates.
D) have had effects on neither death rates nor birth rates.
E) decrease death rates and also decrease birth rates. 18) 19) Total factor productivity can be influenced by
A) new inventions.
B) less capital.
C) more labour.
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This document was uploaded on 12/11/2013.
- Fall '13