Question 1

The catch-up effect refers to the idea that

Accepted Answer

A)  saving will always catch-up with investment spending.
B)  it is easier for a country to grow fast and so catch-up if it starts out relatively poor.
C)  population eventually catches-up with increased output.
D)  if investment spending is low, increased saving will help investment to "catch-up."E) A) and C)
F) B) and D)

Question 2

What is the distinction between foreign direct investment and foreign portfolio investment?

Accepted Answer

A capital investment that is owned and o...

Question 3

What term do we use to refer to the understanding of the best ways to produce goods and services?

Accepted Answer

The term i...

Question 4

In an economy where net exports are zero, if saving rises in some period, then in that period

Accepted Answer

A)  consumption and investment fall.
B)  consumption falls and investment rises.
C)  consumption rises and investment falls.D) All of the above
E) B) and C)

Question 5

If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years.

Accepted Answer

A) True 
 B)False

Question 6

In 1870, the richest country in the world was

Accepted Answer

A)  Germany.
B)  Japan.
C)  the United Kingdom.
D)  the United States.E) B) and C)
F) B) and D)

Question 7

Which well-known economist from the past asserted that "the power of population is infinitely greater than the power in the earth to produce subsistence for man?"

Accepted Answer

The econom...

Exam 25: Production and Growth

What term do we use to refer to the understanding of the best ways to produce goods and services?

Correct Answer
verified
The term i...
View Answer

Which well-known economist from the past asserted that "the power of population is infinitely greater than the power in the earth to produce subsistence for man?"

Correct Answer
verified
The econom...
View Answer

The catch-up effect refers to the idea that

Correct Answer
verified

If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years.

Correct Answer
verified

In an economy where net exports are zero, if saving rises in some period, then in that period

Correct Answer
verified

What is the distinction between foreign direct investment and foreign portfolio investment?

Correct Answer
verified
A capital investment that is owned and o...
View Answer

In 1870, the richest country in the world was

Correct Answer
verified

Exam 25: Production and Growth

What term do we use to refer to the understanding of the best ways to produce goods and services?

Correct AnswerverifiedThe term i...View AnswerShow Answer

Which well-known economist from the past asserted that "the power of population is infinitely greater than the power in the earth to produce subsistence for man?"

Correct AnswerverifiedThe econom...View AnswerShow Answer

The catch-up effect refers to the idea that

Correct AnswerverifiedShow Answer

If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years.

Correct AnswerverifiedShow Answer

In an economy where net exports are zero, if saving rises in some period, then in that period

Correct AnswerverifiedShow Answer

What is the distinction between foreign direct investment and foreign portfolio investment?

Correct AnswerverifiedA capital investment that is owned and o...View AnswerShow Answer

In 1870, the richest country in the world was

Correct AnswerverifiedShow Answer

Correct Answer
verified
The term i...
View Answer

Correct Answer
verified
The econom...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A capital investment that is owned and o...
View Answer

Correct Answer
verified