The socially optimal rate of growth is ?

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 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

3. An optimal tariff is one which reduces imports to the level at which ____ equals ____?

   A. imports, exports
   B. the balance of trade, zero
   C. The demand for currency the supply of currency
   D. social marginal cost, social marginal benefit

4. How does the eurozone compare with USA as a possible optimal currency area (OCA) ?

   A. The eurozone has a higher degree of labour mobility than the USA and labour law is much less restrictive in the erozone than in the USA On these measures the eurozone is more likely to be an OCA than is the USA
   B. The eurozone has a lower degree of labour mobility than the USA and labour law is much more restrictive in the erozone than in the USA On these measures the eurozone is less likely to be an OCA than is the USA
   C. The eurozone has a higher degree of labour mobility than the USA but labour law is much more restrictive in the erozone than in the USA On these measures it is hard to judge whether the eurozone is more or less likely to be an OCA than is the USA
   D. The eurozone has a lower degree of labour mobility than the USA and labour law is much less restrictive in the erozone than in the USA On these measures it is hard to judge whether the eurozone is more or less likely to be an OCA than is the USA

5. The optimal level of provision of public goods is where society total willingness to pay per unit is equal to the ?

   A. variable cost of producing the good
   B. average cost of producing the good
   C. marginal cost of producing the good
   D. total cost of producing the good

6. The consumer’s optimal purchase of any two goods is the point where ?

   A. the budget constraint crosses the indifference curve
   B. the two highest indifference curves cross
   C. the consumer reaches the highest indifference curve subject to remaining on the budget constraint
   D. the consumer has reached the highest indifference curve

7. 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

8. 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

9. In food demand growth equation D = Φ + a E, a is the income elasticity of demand for food E is the per capita income growth and Φ is ?

   A. Poverty rates
   B. food security index
   C. change in the quantity of food demanded per capita
   D. population growth

10. Economics in India Pakistan the Philippines and Mexico argue the foodgrain growth would not have kept up with population growth in the last four decades without ?

    I- improved packages of high-yielding seed varieties
    II- fertilizers, pesticides and irrigation
    III- improved transportation
    IV better extension service

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