Week 4 Homework

A  technological gains

B  human capital

C  physical capital

D  capital deepening

A  special subsidies for capital-intensive forms of production

B  high taxes on companies that spend a lot on capital formation

C  the use of tax revenues for investment and capital formation

D  promotion of education and training programs for workers

A  supply

B  productivity

C  demand

D  dollars

A  triple

B  double

C  one-fourth

D  one-half

A  the imposition of tariffs and quotas on imported goods

B  increased capital formation

C  an increase in marginal tax rates

D  rapid population growth

A  Germany

B  Bolivia

C  Somalia

D  Nigeria

A  2%

B  32%

C  12%

D  22%

A  The invention of a threshing machine for harvesting grains.

B  Increased government funding of post-secondary education.

C  Installing a network of irrigation ditches and pumping stations in order to grow fruits and vegetables in parts of southern California.

D  Many citizens emigrating from Zimbabwe when a politically repressive regime took office.

A  human capital

B  productivity

C  GDP per capita

D  economic growth

A  the unemployment rate.

B  the employment rate.

C  averaged GDP growth

D  real GDP per capita.

A  population

B  geography and climate

C  technological challenges

D  government interventionism

A  human capital

B  an aggregate production function

C  a production function

D  physical capital

A  output

B  GNP

C  technology

D  GDP per capita

A  high rate of labor force growth.

B  zero rate of population growth

C  high rate of consumption.

D  high rate of economic growth.

A  an increase in the proportion of the population that is college educated

B  an increase in the standard of living

C  an increase in the average wage rate paid to workers

D  a decrease in the productivity of labor

A  GDP

B  economic output

C  GDP per capita

D  GNP

A  promote economic growth.

B  increase the tax deduction for child dependents.

C  increase welfare payments to the poor.

D  use less capital and more labor in the production process.

A  human capital

B  physical capital

C  a market orientation

D  technology

A  taxes are imposed on investment in capital.

B  more resources are allocated to consumption goods.

C  it devotes more resources to research and development.

D  the productivity of labor declines

A  a decrease in the quantity of labor due to emigration

B  a decrease in the productivity of labor

C  a decline in the stock of physical capital

D  the discovery of new oil reserves