Basic preconditions for economic growth

Reference no: EM1373539

Question1. The time spent on job search rises when:

a. unemployment compensation decreases
b. unemployment compensation increases
c. the efficiency wage rate is lowered
d. more young people enter the labor force.

Question2. The productivity curve:

a. has a positive slope
b. has a negative slope
c. is vertical
d. is horizontal

Question3. Determine which of the following is not one of the basic preconditions for economic growth?

a. markets
b. property rights
c. investment in human capital
d. monetary exchange

Question4. Assume that capital per hour of labor grew enough to increase GDP per hour of labor by 3 percent. Then, using the one-third rule, the growth in capital per hour of labor must have been:

a. 1 percent
b. 9 percent
c. 3 percent
d. 0 percent

Question5. A decrease in the amount of capital per hour of labor leads to:

a. an upward shift in the productivity curve.
b. a downward shift in the productivity curve.
c. a movement along the productivity curve to a higher level of output per hour of
labor.
d. a movement along the producitivity cure to a lower level of output per hour of labor

Question6. Depository institutions

a. make profit from the spread between the interest rate they pay on deposits and
the interest rate they receive on loans.
b. earn profit according to how much the federal reserve pays them.
c. earn money by charging the government for their services.
d. earn zero profit but receive compensation by the government because there
services are so valuable.

Question7. If a $750 bond promises to pay $30 per year, the intereate rate is ________.

Question8. Nominal GDP, PY is $7.5 trillion. The quantity of money is $3 trillion. The velocity of
circulation is ________.

Question9. The quantity of money is an economy is $9 million, and the velocity of circulation is 3. Nominal GDP is this economy is ___________.

Question10. Suppose that last year the Consumer Price Index was 124; this year it is 130.7. What was the inflation rate between these years?

Reference no: EM1373539

Questions Cloud

Application of protective tariffs : "The United States can manufacture X more efficiently than can Great Britain. Yet we import X from Great Britain." Explain

Define an ethical problem you have confronted in a business : Define an ethical problem you have confronted in a business situation Define the deontological implications of the ethical problem you have described and

Explain a conflict situation you have experienced : Explain a conflict situation you have experienced in the workplace. Describe the impact that the communication process played in deciding or escalating the conflict

Suppose you are a brand manager for your favourite : Suppose you are a brand manager for your favourite food product. You have been dared with finding a new circulation channel for a product

Basic preconditions for economic growth : Determine which of the following is not one of the basic preconditions for economic growth?

Examine different belvederes for this issue : Examine different belvederes for this issue as well as give support evidences as well as explanations for each viewpoint

Describe the sociological forces that have generated : Describe the sociological forces that have generated the controversy over same-sex marriages and civil unions in the United States

Explain way is important change going to impact employees : Explain way is important change going to impact your employees as well as how will you as the change agent in your company deal with the employee-related consequences related to significant change.

Find the revenue of soybean growers : A nation has a low inflation rate than all growth. It has more rapid economic growth. The central bank does not intervene in the foreign exchange market.

User Account

All Pages