Week 4 Homework

A  physical capital

B  human capital

C  technological gains

D  capital deepening

A  promotion of education and training programs for workers

B  special subsidies for capital-intensive forms of production

C  the use of tax revenues for investment and capital formation

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

A  supply

B  productivity

C  demand

D  dollars

A  triple

B  one-half

C  one-fourth

D  double

A  the imposition of tariffs and quotas on imported goods

B  rapid population growth

C  an increase in marginal tax rates

D  increased capital formation

A  Somalia

B  Germany

C  Nigeria

D  Bolivia

A  32%

B  22%

C  2%

D  12%

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

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

C  Increased government funding of post-secondary education.

D  The invention of a threshing machine for harvesting grains.

A  human capital

B  productivity

C  economic growth

D  GDP per capita

A  real GDP per capita.

B  the unemployment rate.

C  averaged GDP growth

D  the employment rate.

A  technological challenges

B  government interventionism

C  geography and climate

D  population

A  a production function

B  human capital

C  an aggregate production function

D  physical capital

A  GDP per capita

B  GNP

C  technology

D  output

A  high rate of labor force growth.

B  zero rate of population growth

C  high rate of economic growth.

D  high rate of consumption.

A  an increase in the average wage rate paid to workers

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

C  a decrease in the productivity of labor

D  an increase in the standard of living

A  GDP per capita

B  GNP

C  GDP

D  economic output

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

B  promote economic growth.

C  increase the tax deduction for child dependents.

D  increase welfare payments to the poor.

A  physical capital

B  a market orientation

C  technology

D  human capital

A  taxes are imposed on investment in capital.

B  the productivity of labor declines

C  more resources are allocated to consumption goods.

D  it devotes more resources to research and development.

A  a decrease in the quantity of labor due to emigration

B  the discovery of new oil reserves

C  a decline in the stock of physical capital

D  a decrease in the productivity of labor