9. Which of the following is likely to affect the rate of economic growth? Group of...
9. Which of the following is likely to affect the rate of
economic growth?
Group of answer choices
A. the quality of available resources
B. the quantity of available resources
C. technological change
D. all of the above
Homework Answers
Answer) Option D is the correct answer. All the above factors like quality of resources, quantity of resources, and technological change affects the rate of economic growth. For instance, a technological change would result in the rise of productivity thereby leading to a rise in the level of GDP and the rate of the economic growth.
Add Answer to:
9. Which of the following is likely to affect the rate of
economic growth?
Group of...
1) Which of the following is NOT an argument about economic growth presented in this class?...
1) Which of the following is NOT an argument about economic growth presented in this class? Group of answer choices A) Economic growth is desirable B) Economic growth is not desirable C) Economic growth is necessary but is NOT desirable in any way D) Economic growth is not only desirable but also necessary E) All of the above are arguments presented in this class 2) One argument concerning economic growth made the following argument. Without economic growth, there would likely...
Which of the following is most likely to contribute to economic growth? Group of answer choices...
Which of the following is most likely to contribute to economic growth? Group of answer choices Flexible property rights that allow the government to seize resources easily for public use. Highly variable inflation rates A stable, predictable legal system (i.e., rule of law) Trade barriers that keep foreign goods and services out of the country
Regarding economic growth, which of the following are components of economic growth a. investment b. technological...
Regarding economic growth, which of the following are components of economic growth a. investment b. technological progress c. growth in labor d. all the above
3. New growth theory In the following table, identify the growth theory used to model each of the following views....
3. New growth theory In the following table, identify the growth theory used to model each of the following views. New Growth Neoclassical Growth Technology is exogenous to the economic system. The amount of resources devoted to development of technology affects its quality. Endogenous technological advances drive economic growth. According to new growth theory, which of the following promote economic growth? Check all that apply. Devoting more resources to technological development Discovering and implementing new ideas Rearranging available resources in...
1- Changes in the ________ probably do not affect the required rate of return by investors....
1- Changes in the ________ probably do not affect the required rate of return by investors. a. risk-free rate b. money supply c. risk premium d. budget deficit e. All of these choices affect the required rate of return. 2- Which of the following is not a reason for bank failures? a. fraud b. liquidity crisis c. increased competition d. a low loan default percentage e. All of these choices are reasons for bank failures. 3- The risk premium on...
Which of the following is most likely to lead to sustained long-run growth? O A. exploitation...
Which of the following is most likely to lead to sustained long-run growth? O A. exploitation of natural resources OB. technological change O c. transfer of workers from agricultural to industrial sectors OD. increases in the labor participation rate
Which of the following is most likely to lead to sustained long-run growth? O A. transfer...
Which of the following is most likely to lead to sustained long-run growth? O A. transfer of workers from agricultural to industrial sectors OB. increases in the labor participation rate O C. technological change OD. exploitation of natural resources
Problem 9: Which of the following statements about the role of institutions in economic growth is...
Problem 9: Which of the following statements about the role of institutions in economic growth is TRUE and which of the following statements is FALSE? Explain. (a) Higher expropriation risk due to low-quality governance and poor insti- tutions might account for low levels of human and public capital in poor nations (b) The quality of institutions in countries colonized by Europeans is corre- lated with whether climate/disease allowed European settlers to live in those areas (c) Low-quality institutions make it...
Which of the following choices is a true statement about the roots of modern economic growth?...
Which of the following choices is a true statement about the roots of modern economic growth? Modern economic growth finds its roots in technological progress and industrialization. O Modern economic growth finds its roots in cultural factors. O Modern economic growth finds its roots in democratic political systems. Modern economic growth finds its roots in O democratic political systems. O technological progress and industrialization O cultural factors
Which of the following would encourage faster economic growth? Group of answer choices high and variable...
Which of the following would encourage faster economic growth? Group of answer choices high and variable inflation low and variable inflation low and stable inflation high and stable inflation
3. New growth theory In the following table, identify the growth theory used to model each of the following views. New Growth Neoclassical Growth Technology is exogenous to the economic system. The amount of resources devoted to development of technology affects its quality. Endogenous technological advances drive economic growth. According to new growth theory, which of the following promote economic growth? Check all that apply. Devoting more resources to technological development Discovering and implementing new ideas Rearranging available resources in...
Which of the following is most likely to lead to sustained long-run growth? O A. exploitation of natural resources OB. technological change O c. transfer of workers from agricultural to industrial sectors OD. increases in the labor participation rate
Which of the following is most likely to lead to sustained long-run growth? O A. transfer of workers from agricultural to industrial sectors OB. increases in the labor participation rate O C. technological change OD. exploitation of natural resources
Problem 9: Which of the following statements about the role of institutions in economic growth is TRUE and which of the following statements is FALSE? Explain. (a) Higher expropriation risk due to low-quality governance and poor insti- tutions might account for low levels of human and public capital in poor nations (b) The quality of institutions in countries colonized by Europeans is corre- lated with whether climate/disease allowed European settlers to live in those areas (c) Low-quality institutions make it...
Which of the following choices is a true statement about the roots of modern economic growth? Modern economic growth finds its roots in technological progress and industrialization. O Modern economic growth finds its roots in cultural factors. O Modern economic growth finds its roots in democratic political systems. Modern economic growth finds its roots in O democratic political systems. O technological progress and industrialization O cultural factors
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