« previous next »

Author Question: A problem with the neoclassical growth theory is its A) prediction that population growth lowers ... (Read 153 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Jun 29, 2018
A problem with the neoclassical growth theory is its
 
  A) prediction that population growth lowers the real wage rate.
  B) inability to explain persistent differences between countries' GDP growth rates.
  C) prediction that population growth raises the real wage rate.
  D) comparison of the economy to a perpetual motion machine.

Question 2

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following statements is TRUE?
 
  A) Producing 0 chocolate bars and 100 cans of cola is both attainable and efficient.
  B) Producing 20 chocolate bars and 80 cans of cola is attainable, but inefficient.
  C) Producing 30 chocolate bars and 38 cans of cola is only attainable with an increase in technology.
  D) Producing 40 chocolate bars and 0 cans of cola is unattainable and inefficient.


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Growth response by grasses grazed by wildebeest Growth response by grasses grazed by wildebeest
Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b
The Median Age of the U.S. Population The Median Age of the U.S. Population
Distribution of the World’s Population Distribution of the World’s Population
Problem Problem
Pollen Tube Growth Pollen Tube Growth
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library