The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?

Related Mcqs:

1. The growth path resulting from technological progress for a given saving rate is known as the ?

   A. Steady state growth path
   B. Steady state invention rate
   C. Steady state level of output
   Unsteady state growth path

2. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II , III only IV

3. For the United States suppose the annual interest rate on government securities equals 8 percent while the annual inflation rate equals 4 percent, For Switzerland the annual interest rate on government securities equal 10 percent while the annual inflation rate equals 7 percent the above variables would cause investment funds to flow from ?

   A. the United States to Switzerland causing the dollar to depreciate
   B. the United States to Switzerland causing the dollar to appreciate
   C. Switzerland to the United States causing the franc to depreciate
   D. Switzerland to the United States causing the franc to appreciate

4. For the United States suppose the annual interest rate on government securities equals 12 percent while the annual inflation rate equals 8 percent For Japan the annual interest rate on government securities equals 10 percent while the annual inflation rate equals 5 percent the above variables would cause investment funds to flow from ?

   A. The United States to Japan causing the dollar to depreciate
   B. The United States to Japan causing the dollar to appreciate
   C. The Japan to United States, causing the dollar to depreciate
   D. The Japan to United States, causing the dollar to appreciate

5. The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

   A. saving, investment
   B. capital per person, productivity
   C. labor growth, output
   D. investment capital per person

6. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

   A. flying geese
   B. import substitution
   C. export orientation
   D. commodity expansion

7. The appropriate tax rate to consider gauging how much the tax system distorts incentives and decision making is the ?

   A. Proportional tax rate
   B. average tax rate
   C. marginal tax rate
   D. vertical tax rate
   E. horizontal tax rate

8. In the neoclassical theory of growth a higher saving rate leads to ?

   A. a higher growth rates
   B. a fluctuating growth rate
   C. a fluctuating growth rates
   D. no change in the growth rate

9. Economic growth may depend upon _____ and _____?

   A. Population size, x-efficiency
   B. Population age distribution, education
   C. Population growth technical progress
   D. Population growth education

10. Technological improvements are similar to international trade since they both ?

    A. Provide benefits for all producers and consumers
    B. Increase the nation’s aggregate income
    C. Reduce unemployment for all domestic workers
    D. Ensure that industries can operate at less than full capacity