Author Question: The Soviet Union's economy grew rapidly in terms of GDP per hour worked in the 1950s, but eventually ... (Read 98 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
The Soviet Union's economy grew rapidly in terms of GDP per hour worked in the 1950s, but eventually this growth slowed. Why did this occur?
 
  A) Capital per hour worked grew rapidly from 1950 to 1980, but technological change occurred very slowly.
  B) Increasing implementation of new technologies eventually suffered diminishing marginal returns.
  C) Capital per hour worked grew slowly, but technological change grew very rapidly.
  D) The centrally planned economy invested too heavily in technological change.

Question 2

If cyclical unemployment is eliminated in the economy, then
 
  A) the unemployment rate is above the natural rate of unemployment.
  B) the economy is considered to be at full employment.
  C) the unemployment rate is below the natural rate of unemployment.
  D) the economy is at less than full employment.



peter

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library