Macroeconomics Questionnaire

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10:20 AM Sat Oct 30 19% 0 deanza.instructure.com Question 5 1 pts Fall 2021 Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 5. If the stock of money decreases, and there is no change in the demand to hold money, the exchange value of money would Modules NetTutor Courses A fall Zoom B rise Calendar C B Inbox ОА History 606 Studio Question 6 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 6. If the exchange value of money falls, the average level of prices would А. fall B rise B OA Question 7 1 pts I 10:19 AM Sat Oct 30 19% 0 deanza.instructure.com Question 1 1 pts Fall 2021 Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 1. In this model, the purchasing power of money (the price of money) is an Modules NetTutor A endogenous variable Courses Zoom B exogenous variable Calendar OA Inbox B History 606 Studio Question 2 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 2. In the dynamic version of this model, the rate of inflation (the rate at which the average level of prices rises) is an A endogenous variable B exogenous variable OA B Question 3 1 pts K 10:20 AM Sat Oct 30 19% 0 deanza.instructure.com Fall 2021 Question 7 1 pts Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 7. If the stock of money increases at a slower rate than previously, the rate of inflation would Modules NetTutor А. fall Courses Zoom B rise Calendar B Inbox OA History 606 Studio Question 8 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 8. If the exchange value of money rises, the average level of prices would A fall B rise ОА B Question 9 1 pts K Questions 1-10 are based on the simple quantity 10:20 AM Sat Oct 30 19% 0 deanza.instructure.com Fall 2021 Question 3 1 pts Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 3. If people decide to hold more of their wealth in the form of money, the demand for money would Modules NetTutor А. fall Courses Zoom B rise Calendar ОА Inbox B History 606 Studio Question 4 1 pts ? Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 4. If the demand for money falls, and there is no change in the stock of money, the exchange value of money would A fall B rise ОА B Question 5 1 pts K 11:03 AM Sat Oct 30 1% deanza.instructure.com Fall 2021 Home Question 7 1 pts Assignments Account Grades Files Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Dashboard Modules NetTutor 7. If the stock of money increases at a slower rate than previously, the rate of inflation would Courses Zoom A fall Calendar B rise C Inbox ОА History 606 Studio ? Question 8 1 pts Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 8. If the exchange value of money rises, the average level of prices would A fall B rise ОА OB I Question 9 1 pts 11:03 AM Sat Oct 30 1% deanza.instructure.com Question 9 1 pts Fall 2021 Home Assignments Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. Account Grades Files Dashboard 9. If debit cards were gradually to replace credit cards as a means of payment, this would cause households to Modules NetTutor Courses increase their demand to hold money A balances Zoom Calendar reduce their demand to hold money B balances C Inbox B History A 606 Studio ? Question 10 1 pts Help Questions 1-10 are based on the simple quantity theory of money, and in each case we assume that ceteris paribus holds. 10. Following the discovery of gold deposits in South Africa and the cyanide process that made it cheaper to extract the gold, the demand to hold money increased slower than the stock of money, and the British economy experienced A a falling average level of prices (deflation) B a rising average level of prices (inflation) B ОА I 11:03 AM Sat Oct 30 1% Odeanza.instructure.com Question 11 1 pts Fall 2021 Home Assignments Questions 11-14 test your understanding of real versus nominal values. Account Grades Questions 11-12 assume that real GDP is rising. Files Dashboard Modules 11. If the average level of prices (as measured by a price index) is rising, nominal GDP would NetTutor A rise faster than real GDP Courses Zoom B rise slower than real GDP Calendar с fall C Inbox OA B History 606 Studio ? Help Question 12 1 pts Questions 11-14 test your understanding of real versus nominal values. Questions 11-12 assume that real GDP is rising. 12. If the average level of prices (as measured by a price index) is falling, nominal GDP would A rise faster than real GDP B rise slower than real GDP С fall D either A or B E either B or C I ОА 11:13 AM Sat Oct 30 2% deanza.instructure.com D Question 13 1 pts Fall 2021 Home Questions 11-14 test your understanding of real versus nominal values. Assignments Account Grades Questions 13-14 assume that real GDP is falling. Files 13. If the average level of prices (as measured by a price index) is rising, nominal GDP would Dashboard Modules A rise NetTutor Courses B fall Zoom С either A or B Calendar C Inbox OA B History J506 Studio ? Question 14 1 pts Help Questions 11-14 test your understanding of real versus nominal values. Questions 13-14 assume that real GDP is falling. 14. If the average level of prices (as measured by a price index) is falling, nominal GDP would A rise B fall faster than real GDP С fall slower than real GDP A ОС I 11:13 AM Sat Oct 30 2% Unlocked deanza.instructure.com Question 15 1 pts Fall 2021 Home Questions 15-18 test your understanding of economic growth. Assignments Account Grades 15. Which statement below is TRUE? Files A If real GDP grows slower than population, real GDP per person would fall. Dashboard Modules NetTutor B If population grows slower than real GDP, real GDP per person would increase. Courses Zoom С Both A and B are true. Calendar Inbox B ΟΑ History 606 Studio ? Question 16 1 pts Help Questions 15-18 test your understanding of economic growth. 16. Rising gross domestic product (GDP) per person is known as A extensive growth B intensive growth B OA Question 17 1 pts K 11:13 AM Sat Oct 30 2% deanza.instructure.com D Question 17 1 pts Fall 2021 Home Questions 14-18 test your understanding of economic growth. Assignments Account Grades Files Dashboard Modules 17. Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations (1776) includes a detailed description of a pin factory that exemplified a high degree of specialization and division of labor and which was made possible by the more extensive use of money and markets. These are characteristic of NetTutor Courses Zoom Calendar A Smithian growth C B Promethean growth Inbox B History ОА 606 Studio ? Help Question 18 1 pts Questions 14-18 test your understanding of economic growth. 18. Capital accumulation accompanied by technological innovation is characteristic of A Smithian growth B Promethean growth B ΟΑ I Question 19 1 pts 11:15 AM Sat Oct 30 2% deanza.instructure.com D Question 19 1 pts Fall 2021 Home 19. Identify the correct statements below. (Choose one or more.) Assignments Account Grades A The first country to experience the industrial revolution was Britain in the second half of the eighteenth century. Files Dashboard Modules NetTutor B Business fluctuations have been a feature of the British economy since at least the time of the industrial revolution. Courses Zoom Calendar С Business fluctuations are regular and predictable. C Inbox D Recoveries are characterized by rising output and employment. History E Generally speaking, recessions last longer than recoveries. 606 Studio ОА ? Help OC U D B Question 20 1 pts 20. An analysis of the gains from trade among two households in an isolated village implies that (choose one or both) A each household specializes in the production of the good in which they enjoy a comparative advantage I B each household specializes in the 11:15 AM Sat Oct 30 2% deanza.instructure.com Fall 2021 С Business fluctuations are regular and predictable. Home Assignments D Recoveries are characterized by rising output and employment. Account Grades E Generally speaking, recessions last longer than recoveries. Files Dashboard Modules A NetTutor Courses ОЕ Zoom 圖』 ОС Calendar o U Inbox OB History 606 Studio Question 20 1 pts ? Help 20. An analysis of the gains from trade among two households in an isolated village implies that (choose one or both) A each household specializes in the production of the good in which they enjoy a comparative advantage B each household specializes in the production of the good for which the opportunity cost of production is low ОА B Question 21 1 pts K 11:15 AM Sat Oct 30 2% deanza.instructure.com Fall 2021 Question 25 1 pts Home Assignments Account Grades Question 25 tests your understanding of how people's expectations of future prices affect current prices. Files Dashboard Modules 25. Here are two statements about how people's expectations of future prices affect current prices. NetTutor Courses Zoom 圖』 1 If both buyers and sellers expect the price to rise next period, the price would fall in the current period. Calendar Inbox II If buyers expect the price to rise next period and sellers expect the price to fall next period, the quantity traded would rise in the current period. History Choose the correct option from the list below. 606 Studio A Neither statement is true. B ? Only 1 is true. Help С Only II is true. D Both statements are true. ОА B Question 26 1 pts K Question 26 tests your understanding of the difference 11:26 AM Sat Oct 30 5% < > AA deanza.instructure.com + S SOLUTION:... S answer_1.docx x Quiz: Econ 1... Chapter 14 FI... G If the averag... C 60. Inventors... Fall 2021 Question 29 1 pts Home Assignments the most volatile category of Account Grades 29. Which spending? Files A consumption Dashboard Modules B government purchases NetTutor Courses с gross investment Zoom Calendar B Eh Inbox ОА Ос History 606 Studio Question 30 1 pts (? Help 30. Which category of gross investment spending can be negative? A change in inventories В infrastructure С plant and equipment B ОС OA I Question 31 1 pts 11:26 AM Sat Oct 30 5% deanza.instructure.com Fall 2021 Question 31 1 pts Home Assignments 31. Which item is included in GDP? Account Grades A the imputed value of home-prepared meals Files Dashboard B Modules the market value of illegal narcotics NetTutor Courses С the imputed rental value of owner- occupied homes Zoom Calendar B ОА Inbox Ос History 606 Studio Question 32 1 pts ? Help 32. World GDP is A equal to world GNP B greater than world GNP С smaller than world GNP A B Question 33 1 pts K 11:26 AM Sat Oct 30 5% deanza.instructure.com Fall 2021 Question 33 1 pts Home Assignments Account Grades 33. Production requires labor and capital. The stock of capital per worker would fall if Files Dashboard Modules A depreciation exceeded gross investment and the labor force remained the NetTutor same. Courses Zoom B the stock of capital was unchanged and the labor force fell. Calendar C С the stock of capital grew faster than the labor force. Inbox History ОА 606 Studio B ? ОС Help Question 34 1 pts 34. Which statement below is TRUE? A Capital is a stock and income is a flow. B Incon is a and capital is a ow. B A I Question 35 1 pts 11:26 AM Sat Oct 30 5% Odeanza.instructure.com Question 35 1 pts Fall 2021 Home Assignments 35. Which statement(s) below is (are) TRUE? (Choose one or more.) Account Grades A If real GDP grows slower than population, real GDP per person would fall. Files Dashboard Modules B If population grows slower than real GDP, real GDP per person would increase. NetTutor Courses Zoom с If real GDP grows slower than nominal GDP, the GDP deflator would fall. Calendar C B Inbox a History ОА 606 Studio ? Question 36 1 pts Help 36. Which statement(s) below is (are) TRUE? A GDP could increase despite a deterioration in the quality of the environment. B GDP does not take into account the distribution of household incomes. С GDP includes the contribution of homemakers, such as stay-at-home parents. ОС B ОА I 11:30 AM Sat Oct 30 5% deanza.instructure.com Question 13 1 pts Fall 2021 Home Assignments Questions 11-14 test your understanding of real versus nominal values. Account Grades Questions 13-14 assume that real GDP is falling. Files Dashboard 13. If the average level of prices (as measured by a price index) is rising, nominal GDP would Modules NetTutor A rise Courses Zoom B fall Calendar С either A or B Inbox OA B History ОС 606 Studio ? Help Question 14 1 pts Questions 11-14 test your understanding of real versus nominal values. Questions 13-14 assume that real GDP is falling. 14. If the average level of prices (as measured by a price index) is falling, nominal GDP would A rise B fall faster than real GDP С fall slower than real GDP ОА B K С 11:30 AM Sat Oct 30 5% deanza.instructure.com Question 15 1 pts Fall 2021 Home Assignments Questions 15-18 test your understanding of economic growth. Account Grades 15. Which statement below is TRUE? Files Dashboard Modules A If real GDP grows slower than population, real GDP per person would fall. NetTutor Courses B If population grows slower than real GDP, real GDP per person would increase. Zoom C Both A and B are true. Calendar C Inbox Ос B History ОА 606 Studio ? Question 16 1 pts Help Questions 15-18 test your understanding of economic growth. 16. Rising gross domestic product (GDP) per person is known as A extensive growth B intensive growth B ОА Question 17 1 pts I 11:30 AM Sat Oct 30 5% Odeanza.instructure.com Question 19 1 pts Fall 2021 Home Assignments 19. Identify the correct statements below. (Choose one or more.) Account Grades Files A The first country to experience the industrial revolution was Britain in the second half of the eighteenth century. Dashboard Modules NetTutor Courses B Business fluctuations have been a feature of the British economy since at least the time of the industrial revolution. Zoom Calendar С Business fluctuations are regular and predictable. C Inbox D Recoveries are characterized by rising output and employment. History E Generally speaking, recessions last longer than recoveries. 606 Studio ? ОА Help o U D B Question 20 1 pts 20. An analysis of the gains from trade among two households in an isolated village implies that (choose one or both) A each household specializes in the production of the good in which they enjoy a comparative advantage I 11:30 AM Sat Oct 30 5% Odeanza.instructure.com Question 19 1 pts Fall 2021 Home Assignments 19. Identify the correct statements below. (Choose one or more.) Account Grades Files A The first country to experience the industrial revolution was Britain in the second half of the eighteenth century. Dashboard Modules NetTutor Courses B Business fluctuations have been a feature of the British economy since at least the time of the industrial revolution. Zoom Calendar С Business fluctuations are regular and predictable. C Inbox D Recoveries are characterized by rising output and employment. History E Generally speaking, recessions last longer than recoveries. 606 Studio ? ОА Help o U D B Question 20 1 pts 20. An analysis of the gains from trade among two households in an isolated village implies that (choose one or both) A each household specializes in the production of the good in which they enjoy a comparative advantage I 11:32 AM Sat Oct 30 5% deanza.instructure.com Question 27 1 pts Fall 2021 Home Assignments Questions 27-39 test your understanding of gross domestic product (GDP) and gross national product (GNP). Account Grades Files 27. Consider the equation GDP = C+I+G+ NX. Which statement below is FALSE? Dashboard Modules A C is consumption. NetTutor Courses B Lis investment. Zoom Calendar С G is total spending by local, state, and federal governments. C Inbox D G is total spending on goods and services by local, state, and federal governments. E NX is net exports. History 606 Studio ? ОА Help B OE Question 28 1 pts 28. Gross domestic product (GDP) does NOT include an estimate for A building new apartments B building new extensions to existing homes С current repairs to existing houses D the value of the sales of existing houses I F ces rend red by reali 11:32 AM Sat Oct 30 5% deanza.instructure.com Fall 2021 Question 26 1 pts Home Assignments Account Grades Question 26 tests your understanding of the difference between endogenous and exogenous variables. Files Dashboard Modules NetTutor 26. Economic historians disagree on how economic growth and population growth are related. Which statement below implies that economic growth is endogenous and population growth is exogenous? Courses Zoom Calendar A Economic growth drives population growth. Inbox B Population growth drives economic growth. History A 606 Studio B ? Help Question 27 1 pts Questions 27-39 test your understanding of gross domestic product (GDP) and gross national product (GNP). 27. Consider the equation GDP = C + I + G + NX. Which statement below is FALSE? A C is consumption. B Tis investment. С G is total spending by local, state, and federal governments. D G is total spending on goods and services by local, state, and federal governments. K 11:32 AM Sat Oct 30 5% Odeanza.instructure.com Fall 2021 Question 28 1 pts Home Assignments 28. Gross domestic product (GDP) does NOT include an estimate for Account Grades A building new apartments Files Dashboard B building new extensions to existing homes Modules С current repairs to existing houses NetTutor Courses D the value of the sales of existing houses Zoom E services rendered by realtors Calendar C O A Inbox B History O E 606 Studio ? Help Question 29 1 pts 29. Which is the most volatile category of spending? A consumption B government purchases С gross investment B A O ОС I 11:37 AM Sat Oct 30 7% 64 deanza.instructure.com Question 30 1 pts Fall 2021 Home Assignments 30. Which category of gross investment spending can be negative? Account Grades A change in inventories Files B infrastructure Dashboard Modules С plant and equipment NetTutor Courses Zoom B Calendar ОА Inbox History Question 31 1 pts 606 Studio ? 31. Which item is included in GDP? Help the imputed value of home-prepared A meals B the market value of illegal narcotics С the imputed rental value of owner- occupied homes B ОА Ос Question 32 1 pts K 32. World GDP is 11:37 AM Sat Oct 30 7% 64 deanza.instructure.com Question 32 1 pts Fall 2021 Home 32. World GDP is Assignments A equal to world GNP Account Grades B greater than world GNP Files Dashboard с smaller than world GNP Modules NetTutor Courses ОС Zoom OA Calendar B Inbox History Question 33 1 pts 606 Studio ? 33. Production requires labor and capital. The stock of capital per worker would fall if Help A depreciation exceeded gross investment and the labor force remained the same. B the stock of capital was unchanged and the labor force fell. С the stock of capital grew faster than the labor force. ОА B K 11:38 AM Sat Oct 30 7% 64 deanza.instructure.com Fall 2021 Question 34 1 pts Home Assignments 34. Which statement below is TRUE? Account Grades A Capital is a stock and income is a flow. Files B Income is a stock and capital is a flow. Dashboard Modules B NetTutor Courses ОА Zoom Calendar Inbox Question 35 1 pts History 35. Which statement(s) below is (are) TRUE? (Choose one or more.) 606 Studio A If real GDP grows slower than population, real GDP per person would fall. ? Help B If population grows slower than real GDP, real GDP per person would increase. С If real GDP grows slower than nominal GDP, the GDP deflator would fall. B ОС ОА Question 36 1 pts 36. Which statement(s) below is (are) TRUE? K A GDP could increase despite a 11:42 AM Sat Oct 30 8% Odeanza.instructure.com Question 36 1 pts Fall 2021 Home 36. Which statement(s) below is (are) TRUE? Assignments Account Grades A GDP could increase despite a deterioration in the quality of the environment. Files Dashboard B GDP does not take into account the distribution of household incomes. Modules NetTutor Courses с GDP includes the contribution of homemakers, such as stay-at-home parents. Zoom Calendar B Inbox ОА History 606 Studio Question 37 1 pts ? Help 37. Which statement(s) below is (are) TRUE? (Choose one or more.) A GDP exhibits regular seasonal fluctuations for which statisticians make adjustments. B Your tuition payments count as investment (I). С The construction of a new student union at De Anza College would count as government spending (G). D Your holiday in Mexico counts as a deduction when calculating net exports (NX). E Median household income is lower than average household income. K ОА 11:42 AM Sat Oct 30 8% deanza.instructure.com Question 38 1 pts Fall 2021 Home Assignments Account Grades 38. If government statisticians ignore improvements in the quality of consumer goods, would the consumer price index overestimate or underestimate the rate of increase in consumer prices? Files Dashboard Modules A It would overestimate the rate of increase in consumer prices. NetTutor Courses Zoom B It would underestimate the rate of increase in consumer prices. Calendar ОА Inbox B History 606 Studio Question 39 1 pts ? Help 39. Which statement(s) below is (are) TRUE? (Choose one or more.) A Consumption (C) includes an estimate of the imputed rental value of all owner-occupied homes irrespective of when they were built. B Investment (1) includes an estimate of the value of all new homes built irrespective of whether they are bought by owner-occupiers or landlords. a С U.S. net exports (NX) do NOT include Warren Buffett, a U.S. citizen and resident, buying Balmoral Castle in Scotland from the Queen in a private sale without going through a realtor. D The change in inventories is the one category of gross investment spending that can be negative. K 11:42 AM Sat Oct 30 8% Odeanza.instructure.com Question 37 1 pts Fall 2021 Home Assignments 37. Which statement(s) below is (are) TRUE? (Choose one or more.) Account Grades Files A GDP exhibits regular seasonal fluctuations for which statisticians make adjustments. Dashboard Modules B Your tuition payments count as investment (I). NetTutor Courses Zoom С The construction of a new student union at De Anza College would count as government spending (G). Calendar Inbox D Your holiday in Mexico counts as a deduction when calculating net exports (NX). E Median household income is lower than average household income. History 606 Studio A ? o B Help ОС D a U E Question 38 1 pts 38. If government statisticians ignore improvements in the quality of consumer goods, would the consumer price index overestimate or underestimate the rate of increase in consumer prices? A It would overestimate the rate of increase in consumer prices. K 11:42 AM Sat Oct 30 8% deanza.instructure.com Question 39 1 pts Fall 2021 Home Assignments 39. Which statement(s) below is (are) TRUE? (Choose one or more.) Account Grades Files A Consumption (C) includes an estimate of the imputed rental value of all owner-occupied homes irrespective of when they were built. Dashboard Modules NetTutor Courses B Investment (1) includes an estimate of the value of all new homes built irrespective of whether they are bought by owner-occupiers or landlords. Zoom Calendar Inbox с U.S. net exports (NX) do NOT include Warren Buffett, a U.S. citizen and resident, buying Balmoral Castle in Scotland from the Queen in a private sale without going through a realtor. History D The change in inventories is the one category of gross investment spending that can be negative. 606 Studio ? Help Ос B ОА Question 40 1 pts Questions 40-42 test your understanding of different sorts of economic growth. 40. Rising gross domestic product (GDP) per person is known as A extensive growth K B intensive growth 11:43 AM Sat Oct 30 8% deanza.instructure.com 1 pts Fall 2021 Question 40 Home Assignments Questions 40-42 test your understanding of different sorts of economic growth. Account Grades Files 40. Rising gross domestic product (GDP) per person is known as Dashboard Modules A extensive growth NetTutor Courses B intensive growth Zoom Calendar ОА B Inbox History Question 41 1 pts 606 Studio ? Help 41. The Wealth of Nations (1776) includes a detailed description of a pin factory that exemplified a high degree of specialization and division of labor and which was made possible by the more extensive use of money and markets. These phenomena are characteristic of A Smithian growth B Promethean growth B ОА Question 42 1 pts K 42. Capital accumulation accompanied by 11:43 AM Sat Oct 30 8% deanza.instructure.com Fall 2021 Question 43 1 pts Home Assignments Questions 43-53 test your understanding of the causes and consequences of economic growth. Account Grades Files 43. Population growth might cause real GDP per person to fall cause Dashboard Modules A existing capital stock is spread more thinly NetTutor Courses B competition for resources stimulates innovation Zoom Calendar с innovation by one person builds on the ideas of others Inbox D a larger market permits greater specialization and division of labor History E greater specialization and division of labor fosters innovation 606 Studio B ? Help C OE ОА Question 44 1 pts 44. Which one of these policies is LEAST likely to promote economic growth in the long term? A Measures to encourage consumption B Tax relief for investment in new plants and equipment K С Encouraging widespread respect for 11:43 AM Sat Oct 30 8% deanza.instructure.com Fall 2021 Question 44 1 pts Home Assignments 44. Which one of these policies is LEAST likely to promote economic growth in the long term? Account Grades A Measures to encourage consumption Files Dashboard Modules B Tax relief for investment in new plants and equipment NetTutor Courses С Encouraging widespread respect for property rights Zoom Calendar D Enforcing contracts through an efficient court system Inbox E Maintaining political stability U History B 606 Studio O E ? Help A Question 45 1 pts 45. Poorer countries often grow more rapidly than richer countries. Which statement below is NOT a plausible explanation of this phenomenon? A Developing countries can take advantage of existing technology. B Capital is subject to diminishing returns, meaning that additional units of capital yield less and less additional output. K С People in high-income countries choose to work fewer hours and enjoy more leisure than 11:44 AM Sat Oct 30 8% deanza.instructure.com Question 48 1 pts Fall 2021 Home Assignments 48. Catch-up or convergence means that rich countries grow A faster than poor countries Account Grades Files B slower than poor countries Dashboard Modules NetTutor A Courses Zoom B Calendar C Inbox Question 49 1 pts History 49. For the past forty years, 606 Studio A North Korea has been a growth miracle, and South Korea has been a growth disaster. ? Help B South Korea has been a growth miracle, and North Korea has been a growth disaster. A B Question 50 1 pts 50. Differences in technological knowledge probably explain A a large fraction of the differences in the wealth of nations at any point in time. I B a small fraction of the differences in the wealth of nations at any point in time. 11:44 AM Sat Oct 30 8% < > m AA deanza.instructure.com + S SOLUTION:... S answer_1.docx Х Quiz: Econ 1... C Here Are Tw... Chapter 14 F... the averag... entor... Fall 2021 Question 45 1 pts Home Assignments Account Grades 45. Poorer countries often grow more rapidly than richer countries. Which statement below is NOT a plausible explanation of this phenomenon? Files Dashboard Modules A Developing countries can take advantage of existing technology. NetTutor Courses Zoom B. Capital is subject to diminishing returns, meaning that additional units of capital yield less and less additional output. Calendar E Inbox С People in high-income countries choose to work fewer hours and enjoy more leisure than people in low-income countries. History D High-income countries have more stable political systems than low-income countries. 606 Studio OA (? Help B ОС Question 46 1 pts 46. Real GDP per capita and infant mortality rates are A negatively correlated B positively correlated K 11:44 AM Sat Oct 30 8% ideanza.instructure.com Fall 2021 Question 46 1 pts Home Assignments 46. Real GDP per capita and infant mortality rates Account Grades are Files A negatively correlated Dashboard Modules B positively correlated NetTutor Courses Zoom A Calendar B C Inbox Question 47 1 pts History 606 Studio 47. Real GDP per capita and life expectancy rates are ? Help A negatively correlated B positively correlated B ОА Question 48 1 pts 48. Catch-up or convergence means that rich countries grow A faster than poor countries B slower than poor countries I 11:45 AM Sat Oct 30 8% deanza.instructure.com Fall 2021 Question 50 1 pts Home Assignments 50. Differences in technological knowledge probably explain Account Grades Files A a large fraction of the differences in the wealth of nations at any point in time. Dashboard Modules B a small fraction of the differences in the wealth of nations at any point in time. NetTutor Courses Zoom B Calendar ОА Inbox History Question 51 1 pts 606 Studio ? 51. Increases in technological knowledge probably explain Help A a large part of why economic growth occurs over time. B a small part of why economic growth occurs over time. A B Question 52 1 pts a 52. Taiwan has a much higher GDP per capita than the Democratic Republic of the Congo because it has institutions that make it in people's K 11:45 AM Sat Oct 30 8% Odeanza.instructure.com Question 51 1 pts Fall 2021 Home Assignments 51. Increases in technological knowledge probably explain Account Grades Files A a large part of why economic growth occurs over time. Dashboard Modules B a small part of why economic growth occurs over time. NetTutor Courses Zoom A Calendar B C Inbox History Question 52 1 pts 606 Studio ? Help 52. Taiwan has a much higher GDP per capita than the Democratic Republic of the Congo because it has institutions that make it in people's self-interest to (choose one or both) А. invest in physical capital, human capital, and technological knowledge B efficiently organize these resources for production ОА B Question 53 1 pts I Questions 53-58 test your understanding of the economics of ideas and intellectual property. 11:46 AM Sat Oct 30 8% deanza.instructure.com Fall 2021 Question 53 1 pts Home Assignments Questions 53-58 test your understanding of the economics of ideas and intellectual property. Account Grades Files 53. Did the invention of aspirin have an opportunity cost? Dashboard Modules NetTutor A Yes, because the time and resources spent inventing it could have been devoted to some other goal. Courses Zoom Calendar B No, because two or more people could have invented it at the same time. C Inbox B ОА History 606 Studio ? Question 54 1 pts Help 54. Does the manufacture of aspirin today have an opportunity cost? A Yes, because its manufacture uses scarce resources. B No, because two or more people could manufacture it at the same time. B OA Question 55 1 pts I 11:46 AM Sat Oct 30 8% deanza.instructure.com Fall 2021 Question 53 1 pts Home Assignments Questions 53-58 test your understanding of the economics of ideas and intellectual property. Account Grades Files 53. Did the invention of aspirin have an opportunity cost? Dashboard Modules NetTutor A Yes, because the time and resources spent inventing it could have been devoted to some other goal. Courses Zoom Calendar B No, because two or more people could have invented it at the same time. C Inbox B ОА History 606 Studio ? Question 54 1 pts Help 54. Does the manufacture of aspirin today have an opportunity cost? A Yes, because its manufacture uses scarce resources. B No, because two or more people could manufacture it at the same time. B OA Question 55 1 pts I 11:46 AM Sat Oct 30 8% deanza.instructure.com Question 55 1 pts Fall 2021 Home Assignments 55. When patents expire, and the patented technology becomes freely available, would machines using that technology ever be made again? Account Grades Files Dashboard A Yes, they would continue to be made. Modules B No, there would be no incentive to make NetTutor Courses them. Zoom Calendar B A Inbox History Question 56 1 pts 606 Studio ? Help 56. Inventors have been rewarded in many different ways, but which way has always required government intervention? A charging patent royalties to licensees B earning payments from lectures, media appearances, performances, and sponsorship С exploiting the “first-mover” advantage in selling their inventions before anyone else D receiving prizes and pensions in recognition of their achievements B A K 11:56 AM Sat Oct 30 11% 0 deanza.instructure.com Fall 2021 Home Question 57 1 pts Assignments Account Grades Files 57. Which intellectual property right lasts indefinitely if you continue to use and enforce it? Dashboard Modules A a copyright NetTutor Courses B a patent Zoom С a trademark Calendar Inbox B History A 606 Studio ? Question 58 1 pts Help 58. Ideas are themselves nonrival and nonexcludable. Intellectual property (IP) like patents and copyright excludes non-payers from using ideas. Economists would say that IP turns A club goods into public goods B public goods into club goods B ОА Question 59 1 pts K 11:56 AM Sat Oct 30 11% 0 deanza.instructure.com Fall 2021 Question 59 1 pts Home Assignments Questions 59-68 test your understanding of saving, investment, and the financial system. Account Grades Files 59. Can a private household consume more than its income ing a ar? Dashboard Modules A Yes B No NetTutor Courses Zoom B Calendar ОА Inbox Question 60 1 pts History 606 Studio 60. Can a private firm invest more than its income during a year? ? Help A Yes В No ОА B Question 61 1 pts 61. Can the U.S. government consume and invest more than its income during a year? A Yes B No B K
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