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ECON102 quiz 5




Question;ECON102 quiz 5;Quiz 5;Return to Assessment List;Part 1 of 1 -;70.0/ 100.0 Points;Question 1 of 10;10.0/ 10.0 Points;Technological progress occurs when the economy gets more output A.without any more capital or labor.; using more capital per worker.; using more capital but not more workers.; using more labor but not more capital.;Question 2 of 10;10.0/ 10.0 Points;If a firm increases its use of capital while holding constant the number of workers employed, the firm is said to experience augmentation.;B.investment deepening.;C.labor intensity.; deepening.;Question 3 of 10;0.0/ 10.0 Points;Increases in net investment generally result in A.lower levels of capital stock and lower levels of depreciation.;B.lower levels of capital stock and higher levels of depreciation.;C.higher levels of capital stock and higher levels of depreciation.;D.higher levels of capital stock and lower levels of depreciation.;Question 4 of 10;10.0/ 10.0 Points;Nations that borrow from abroad to support current investment will A.always be better off in the future.;B.always sacrifice future consumption.; better off in the future if the investments are profitable.;D.sacrifice future consumption only if the investments are profitable.;Question 5 of 10;10.0/ 10.0 Points;Nations that borrow from abroad to support current consumption A.will always be better off in the future.;B.will always sacrifice future consumption.;C.may sacrifice future consumption.;D.will always sacrifice current consumption.;Question 6 of 10;0.0/ 10.0 Points;Trade deficits always lead to future decreases in consumption if the trade deficits current investment.; current consumption.; either current investment or current consumption.;D.require borrowing from abroad.;Question 7 of 10;10.0/ 10.0 Points;An event that allows the economy to operate more efficiently by;producing more outputs without using any more inputs is referred to as;A.absolute progress.;B.efficiency progress.; investment.;D.technological progress.;Question 8 of 10;10.0/ 10.0 Points;It is possible for an economy to become more productive and per-capita output to increase if ideas are generated.;B.inventions are developed.; is improved.;D.all of the above;Question 9 of 10;0.0/ 10.0 Points;Knowledge and skills are part of ________ in an economy. A.educational functions;B.human capital; growth;D.innovation;Question 10 of 10;10.0/ 10.0 Points;Economic growth is severely impeded in economies A.with a lack of clear property rights.;B.with a strong central government.;C.with high rates of convergence.;D.which encourage induced innovation.


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