B) False
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A) Austrian GNP increases by more than Austrian GDP,which includes income earned by foreigners working in Austria.
B) Austrian GNP increases by more than Austrian GDP,which excludes income earned by foreigners working in Austria.
C) Austrian GNP increases by less than Austrian GDP,which includes income earned by foreigners working in Austria.
D) Austrian GNP increases by less than Austrian GDP,which excludes income earned by foreigners working in Austria.
F) A) and B)
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A) China allows only one child per family and couples that violate this rule are subject to substantial fines.
B) In developed countries,population growth is consistently about 3 percent per year;in developing countries it is consistently about 5 percent per year.
C) Educational attainment tends to be lowest in countries with the highest population growth.
D) Economists generally believe that a country that decreases a high population growth rate can increase its economic growth rate.
F) B) and C)
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A) human capital.
B) available information on how to produce things.
C) resources expended transmitting society's understanding to the labor force.
D) All of the above are technological knowledge.
F) A) and C)
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A) differs widely across countries,but the growth rate of real GDP per person is similar across countries.
B) is very similar across countries,but the growth rate of real GDP per person differs widely across countries.
C) and the growth rate of real GDP per person are similar across countries.
D) and the growth rate of real GDP per person vary widely across countries.
F) None of the above
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A) fish
B) soybeans
C) wood
D) All of the above are correct.
F) B) and C)
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A) foreign portfolio investment.
B) indirect domestic investment.
C) foreign direct investment.
D) foreign indirect investment.
F) A) and D)
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A) violations of diminishing returns.
B) excessive levels of caloric intake.
C) lack of respect for property rights.
D) attempts by government officials to thwart the catch-up effect.
F) A) and B)
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A) fall to less than one-half of its former value.
B) fall,but it would still be greater than one-half of its former value.
C) stay the same.
D) rise but less than double.
F) A) and C)
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A) xY = 2xAF(L,K,H,N) .
B) Y/L = A F(xL,xK,xH,xN) .
C) Y/L = A F( 1,K/L,H/L,N/L) .
D) L = AF(Y,K,H,N) .
F) All of the above
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B) False
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A) would decline as the alternative would reduce the demand for oil.
B) would decline as the alternative would reduce the supply of oil.
C) would increase as the alternative would increase the demand for oil.
D) would increase as the alternative would increase the supply of oil.
F) A) and B)
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A) doesn't change the level of productivity or income.
B) raises the levels of both productivity and income.
C) raises the level of productivity but not the level of income.
D) raises the level of income but not the level of productivity.
F) A) and D)
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A) widely used because it is easy to learn.
B) widely used because the government subsidizes its use.
C) not widely used because people could,but have not,taken the time to learn how to apply it.
D) not widely used because it is known or controlled only by the company that discovered it.
F) A) and B)
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A) Kremer argued that with greater population,society would generate more ideas so that growth of real GDP per person could continue.Malthus argued that increasing population would outstrip agricultural production.
B) Kremer argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline.Malthus argued that increases in technology would allow increased output growth so that even with population growth,society would enjoy a higher standard of living.
C) Malthus argued that with greater population,society would generate more ideas so that growth of real GDP per person could continue.Kremer argued that increasing population would outstrip agricultural production.
D) Malthus argued that increases in population would reduce the amount of human and physical capital per worker so that eventually the standard of living would decline.Kremer argued that increases in technology would allow increased output growth so that even with population growth,society would enjoy a higher standard of living.
F) None of the above
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