Refer to Figure 11 1 Using the per worker production function in the figure

Refer to figure 11 1 using the per worker production

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54)Refer to Figure 11-1.Using the per-worker production function in the figure above, the largestchanges in an economyʹs standard of living would be achieved by a movement fromA)BtoCtoD.B)AtoBtoC.C)CtoBtoA.D)DtoCtoB.54)Answer: APage Ref: 738-740/356-358Learning Outcome: Macro-4: Explain the sources of productivity growth.55)Refer to Figure 11-1.Suppose the per-worker production function in the figure above representsthe production function for the U.S. economy. If the United States decided to double its supportof university research, this would cause a movement fromPage Ref: 738-740/356-358Learning Outcome: Macro-4: Explain the sources of productivity growth.56)Refer to Figure 11-1.Within a country, the impact of wars and revolutions and their subsequentdestruction of capital is reflected in the per-worker production function in the figure above by amovement fromPage Ref: 738-740/356-358Learning Outcome: Macro-4: Explain the sources of productivity growth.57)Refer to Figure 11-1.Many countries in Africa strongly discouraged and prohibited foreigndirect investment in the 1950s and 1960s. By doing so, these countries were essentiallypreventing a moment fromPage Ref: 738-740/356-358Learning Outcome: Macro-4: Explain the sources of productivity growth.58) In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry byinstituting the assembly line. What impact did the assembly line method for producingautomobiles have on the per-worker production function for Ford?A) It shifted up.B) It became flatter.C) It became linear.D) It shifted down.58)Answer: APage Ref: 739-740/357-358Learning Outcome: Macro-4: Explain the sources of productivity growth.59) If the per-worker production function shifts down,59)Page Ref: 739-740/357-358Learning Outcome: Macro-4: Explain the sources of productivity growth.12
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