A negative externality a is not as costly as a

This preview shows page 38 - 41 out of 65 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Applications for the Management, Life, and Social Sciences
The document you are viewing contains questions related to this textbook.
Chapter 2 / Exercise 30
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
201.A negative externality: A) is not as costly as a positive externality. B) is a cost that individuals or firms impose on others without having to offer compensation. C) is immune to economic incentives. D) is an unavoidable consequence of budget deficits.
202.A cap and trade system:
203.Economists generally agree that ____ are the best way for governments to reduce greenhouse gases to address climate change.
Use the following to answer questions 204-206: Scenario: Technological Progress and Productivity Growth in Techland In Techland, from 1980 to 2010, holding technology and human capital fixed, increasing physical capital per worker from $25,000 to $100,000 would have led to a doubling of real GDP per worker, from $40,000 to $80,000. However, not only did physical capital per worker increase from $25,000 to $100,000, but technological progress shifted the productivity curve upward so that real GDP per worker actually increased from $40,000 to $320,000. 204.(Scenario: Technological Progress and Productivity Growth in Techland) Look at the scenario Technological Progress and Productivity Growth in Techland. What was the growth rate of real GDP per capita in Techland?
Page 38
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Mathematical Applications for the Management, Life, and Social Sciences
The document you are viewing contains questions related to this textbook.
Chapter 2 / Exercise 30
Mathematical Applications for the Management, Life, and Social Sciences
Harshbarger
Expert Verified
205.(Scenario: Technological Progress and Productivity Growth in Techland) Look at the scenario Technological Progress and Productivity Growth in Techland. What share of the growth rate of real GDP per capita was attributable to increasing physical capital per worker? A) 2.0% B) 4.5% C) 8.75% D) 17.5%
206.(Scenario: Technological Progress and Productivity Growth in Techland) Look at the scenario Technological Progress and Productivity Growth in Techland. What share of the growth rate of real GDP per capita was attributable to higher total factor productivity?
Use the following to answer questions 207-212: Figure: Technological Progress and Productivity Growth 207.(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in domestic savings? Page 39
B A B

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture