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If a country made it easier for people to establish and prove the ownership of their property,real GDP per person would likely rise.

A) True
B) False

Correct Answer

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An increase in the saving rate permanently increases the growth rate of real GDP per person.

A) True
B) False

Correct Answer

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verified

The population growth rate tends to be higher in developed countries than in developing countries.

A) True
B) False

Correct Answer

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verified

If your company opens and operates a branch in a foreign country,your company engages in foreign direct investment.

A) True
B) False

Correct Answer

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If Country A produces 7,000 units of goods and services using 700 hours of labor,and if Country B produces 5,500 units of goods and services using 500 units of labor,then productivity is lower in Country A than in Country B.

A) True
B) False

Correct Answer

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verified

One reason that governments may find it useful to sponsor universities and basic research is that to a large extent knowledge is generally a private good.

A) True
B) False

Correct Answer

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It is possible for a country without a lot of domestic natural resources to have a high standard of living.

A) True
B) False

Correct Answer

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Economist Michael Kremer found that world growth rates fell as population increased.

A) True
B) False

Correct Answer

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Constant returns to scale is the point on a production function where increasing inputs will no longer increase output.

A) True
B) False

Correct Answer

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International data on real GDP per person gives us a sense of how standards of living vary across countries.

A) True
B) False

Correct Answer

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A country that made its courts less corrupt and its government more stable would likely see its standard of living rise.

A) True
B) False

Correct Answer

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A forest is an example of a nonrenewable resource.

A) True
B) False

Correct Answer

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A country's standard of living depends on its ability to produce goods and services.

A) True
B) False

Correct Answer

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Foreign direct investment and domestic investment have the same effect on all measures of economic prosperity.

A) True
B) False

Correct Answer

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Economists generally believe that policies such as reducing barriers to trade are likely to foster economic growth.

A) True
B) False

Correct Answer

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Increases in both human capital per worker and physical capital per worker increase productivity.

A) True
B) False

Correct Answer

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Both the standard of living and the growth of real GDP per person vary widely across countries.

A) True
B) False

Correct Answer

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Other things the same,domestic investment will increase a country's real GDP by more than foreign investment.

A) True
B) False

Correct Answer

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Other things the same,another unit of capital will increase output by more in a poor country than in a rich country.

A) True
B) False

Correct Answer

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In some countries in Sub-Saharan Africa real GDP per person has been stagnant for many years.

A) True
B) False

Correct Answer

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Showing 21 - 40 of 62

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