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

Related Mcqs:

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

   A. endogenous
   B. exogenous
   C. beta
   D. convergence

2. The golden-rule saving rate is the rate of saving that ?

   A. gets the highest rate of interest
   B. maximizes the level of long-run investment
   C. maximizes the level of long-run consumption
   D. maximizes human capital

3. National Saving (or just saving) is equal to ?

   A. none of these answers
   B. investment + consumption expenditures
   C. private saving + public saving
   D. GDP government purchases

4. 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

5. When entering a building, Asim diverts his path to go through an open door rather than make the physical effort to open the closed door that is directly in his path. This is an example of:

   A. irrational behavior
   B. a lazy person
   C. marginal benefit-marginal cost analysis
   D. programmed learning

   Submitted by: Mansoor Ul Haque

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. Real business cycle theories suggest that _____ to correct departures from the desired growth path?

   A. There is a role for fiscal policy
   B. There is a role for monetary policy
   C. There is a role for supply-side policy
   D. There is a role for stabilizing output ever the business cycle

8. 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

9. Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?

   A. Hispanics and Asians
   B. African Americans
   C. Western Europeans
   D. Middle Eastern

10. Due to Japan’s high saving rate, suppose that the Japanese invest abroad. This investment may result in a/an _______ of the Japanese yen and therefore a for Japan?

    A. appreciation; trade surplus
    B. appreciation; trade deficit
    C. depreciation; trade surplus
    D. depreciation; trade deficit